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#2: How Blockchains Can Help With Identity Systems
Manage episode 311499820 series 3132284
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What is the cost of maintaining trust in our day to day lives? We have accountants that audit a company's books every quarter, services that require copies of your ID, and having to create new accounts for everything you sign up for. In this episode, we explore how blockchains can help with identity management and also where it could fall short.
- Understanding the Byzantine Generals Problem and Double Spend Problem.
- What does it mean to be fungible and non-fungible for crypto assets?
- Issues with current identity systems and how can blockchains offer a solution?
- What information do you actually want to keep on the blockchain forever?
- Pseudonymous: How is this a double-edged sword when it comes to privacy?
- What are some potential downsides of blockchain identity solutions?
- How will digital identity maintain interoperability between different blockchains?
To learn more about what we do and start building your self-sovereign digital identity, download the SelfKey Vault for Mac OS/Windows at https://www.selfkey.org/download
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