does decentralized identity matter?
A decentralized identity aims to provide people with
official identification documents, total ownership of their
identities, and user-friendly security. Citizens
frequently require a verifiable proof of existence in order to
access basic services like banking, healthcare, and education.
Unfortunately, 1 billion people worldwide still lack a
recognized identity document, according to Worldbank statistics.
Unable to vote, register to vote, open a bank account, own property,
or find employment, a sizeable portion of the population
lives in precarious circumstances. People's freedom is
constrained by their inability to obtain identification documents.