It wasn’t that long ago, but we’ll take you back in time to the early days of the internet with old-school dial-up modems, the most agonizing things to your ears, and a very long wait; but it led to a digital revolution, driving the most cutting-edge technological innovations of all time.

Until then, computers were bulky and heavy, data storage capacity low, and the Internet of little value to anyone but a small club of highly sophisticated computer experts. It’s hard to imagine that even in the year 2000, people still had doubts about the viability of the world wide web and that wireless didn’t even exist before 2007.

Needless to say, times have changed and the little club has grown to billions of users; in fact, today more than half the planet (around 4.9 billion people) has Internet access and a remarkable 90% have a mobile phone. Increasingly, our relationships with each other and businesses take place in the digital space.

However, the growth of the digital ecosystem has led to increased complexity and security challenges; in essence, it creates fertile ground for cybercrime and fraud, as there is more to the unknown than in the physical world. We don’t know who and what we are (really) connecting with; The web is a network of millions of linked devices that use protocols to communicate with each other.

People need trust in their relationships within this ecosystem and the lack of a proper digital identity or trust layer led to frustrating password management. Studies show that everyone is bad at password management and it turns out to be the most hated user experience on the web; but that’s not a crime, just a nuisance.

In addition to annoying password management, threats of deception and fraud, our online privacy is at risk. When Big Tech started leveraging our data online, web users didn’t realize they would become such a valuable product or commodity themselves. Platforms control and hold tons of data about you and that data is being bought and sold all the time while you’re out of the loop.

In 2021 alone, the global big data market generated a staggering $240.56 billion according to analytical reports. The rampant monetization of personal data is eroding trust. “People don’t like what they see on Web2. They feel the threat to democracy, the threat to our personal rights, or the fact that we don’t really have any digital freedom at all.” Yat Siu, Co-Founder and CEO of Animoca Brands.

While giving third parties the keys to your personal data may provide a level of convenience in terms of single sign-on, it is the same as relinquishing your personal rights to a stress-free life; however, people still do it constantly. Anyone who has the impression that they have their personal data or digital identity under control: think again!

If you are a Google, Amazon, Facebook user, which most of us are, your personal data or digital identity may be among the over billions of accounts that have already been compromised by these three companies alone; And according to statistics, 80% of hacking-related breaches are due to compromised passwords.

This is a stark reminder why your data is of great value to someone who would like to exploit it for their own illegal, illicit, or at the very least unauthorized purposes. And due to the anonymous nature of the digital space, you won’t even know it. Therefore, the protection of people’s digital identity should be at the center of concern.

While digital ID by its very nature is what it sounds like: using ‘digital technology to prove it’s you’ (such as passwords, usernames, bank accounts, and social media photos), the question is not whether digital ID will ever happen. . – it is already happening – the very question is how and how it looks.

The ‘correct model’ should be personal, like a physical wallet in the real world, exclusive to you and private. You control your own identity and selectively share what’s in your wallet, your passport, driver’s license, national insurance card or whatever; and last but not least with whom. Privacy and security are a necessity, identity a human right!

Next time we will delve into the realms of Self-Sovereign Identity (SSI)

The evolution of digital ID technology is accelerating at a rapid pace and we need to get it right! With Self-Sovereign Identity (SSI) we are on the right track. SSI is a fairly new model for digital identity management that gives us, the individual, autonomous control over the personal information we use to prove who we are to others on the digital network.

‘Sovereign’ (also autonomous, free, or independent): meaning not subject to the rule or control of another.

SSI will democratize ownership and recreate a level playing field on the digital network.

SSI gives everyone the right to exist: Every individual should be able to exist in the digital world without the need for a third party.

SSI is decentralized – unlike centralized identity management, you are the boss.

SSI puts individual control back to you: You own your identity and give explicit permission for a third party to use or access your data.

SSI is persistent: it lives with you from birth to death.

SSI is portable: accessible to you wherever you are at any time, across any geographic border.

SSI is blockchain enabled.

… to be continue!

About IAMX

White Paper│ Cover

IAMX is a token-based, self-sovereign identity and authentication protocol that gives people the means to own their identity. By adhering to the strictest regulatory standards for identity protection, IAMX builds on the fundamental principles of SSI to provide a robust and secure system where individuals can take control and manage their identity. IAMX users will realize significant time and cost savings through novel approaches to identity management and e-commerce transactions, such as 1-click compliance, that are legally binding and maintain local regulatory compliance. With users in control of their identity data, time-consuming processes like Know Your Customer (KYC) or Know Your Business (KYB) become near-instantaneous and highly secure transactions.

IAMX is built on the foundations of Self-Sovereign Identity (SSI), blockchain, and DID, allowing individuals, organizations, or any entity to prove their identity independently of third parties or centralized authorities. In this way, the authenticity of anything associated with an IAMX DID can be independently confirmed by the entity that owns the DID.

IAMX is at the forefront of the Web3 revolution, bringing the world’s most secure, decentralized and easy-to-use Self-Sovereign Identity (SSI) solution to the Internet. By adding the identity and authentication layer to the Internet, with IAMX you can treat the Internet as if it were always connected. In keeping with its mission and vision, IAMX is working to solve the problem of providing an identity to the billions of people who do. currently does not have a state-recognized legal identity. Through the use of a biometric identity gateway, users with or without state-level identification can create their own identity to use online, one that is based on their unique physical attributes, including their face, iris, and fingerprints.

Website │ Twitter │ Telegram │ Discord │ Linkedin │ Youtube │ Reddit