Mapping the web3 Identity Landscape

Web2 identity solutions are centralised. You give your identity data to third party providers. As a result, there is a security and privacy risk. With Web3, you would be the single owner of your identity data. Your credentials would be stored on-chain and validated once by credential verifiers. Third party services which want to verify your identit... See more

The lack a native web3 identity makes today’s DeFi ecosystem unable to supportactivities ubiquitous in the real economy, such as undercollateralized lending or simple contracts, like anapartment lease

Whether it’s the enforcement of legal identities, platform lock-in, or more implicit social norms, the logic of individualized identity was baked into web 2.0. With the advent of web 3.0, we have a chance to do things differently. Ultimately, web 3.0 identity will revolve around questions of privacy, portability, and ownership.

Areas of on-chain identity landscape: Ownership, Aggregators, Governance Participation, Bounties, Data Rails, Proof of Humanity, Endorsement, Profiles

Selected Web3-based identity solutions are: “Ageify,” “Civic,” “Edge,” “Hu-manity.co,” “Jolocom,” “Keyp,” “Madana,” “Metadium,” “NewBanking Identity,”“ObjectTech,” “THEKEY,” “Trusti,” “PeerMountain,” “REMME,” “Riddle & Code,” “Spherity,” “uPort,”“UniquID,” “ValidatedID,” and “WoTT.”

As we move to a crypto-native world, we get to rethink the internet as it stands today. In creating web3, we work towards a vision of the internet as originally intended — an open web owned + operated by its users. With this vision comes the ability to have more portable online identities and community affiliations — something made possible with de... See more