Source: news.google.com
Sovereign identity has been a hot topic in blockchain and cryptocurrency, especially with the rise of the maker economy. Currently, there are two types of digital identities. One is federated and centralized, so the data is under the control of the service provider. Self-sovereign digital identity is often cited as a human right that can be reclaimed by the agency using blockchain technology, but what frameworks are out there that help govern it?
In this episode of Steez NFT met with Marjorie Hernandez, co-founder of LUKSO and The Dematerialized to discuss the state of blockchain-based identities and “Universal Profiles.” According to Hernández, in the future “everything will have a digital identity.”
Onboarding to the digital realm should be smooth for sovereign “Universal Profiles”
During the interview, Hernández explained the paradigm shift between centralized platforms towards a “platformless future” and emphasized that users should be in control of their identities and creation on more “agnostic platforms”, where they can own their intellectual property through “Universal Profiles”.
Lukso’s Universal Profiles integration allows users and creators to retrieve their identities and broadcast their IP symbiotically between creator and user. According to Hernández, Universal Profile can be seen as a personal operating system (OS) through which one can authenticate, but also send, receive and create assets.
As Hernández says, the Universal Profiles are:
“A Swiss Army type tool that serves many purposes for the user.”
Related: Web3 is crucial for data sovereignty in the metaverse
Blockchain-based identities in Web3
Understandably, the emphasis on identity within Web3 began to resurface when 2D Profile Picture NFTs (PFPs) began to emerge. This surge was framed as a means to represent and identify oneself, as well as an ego inflection or expression. For some, their physical and social identities were swapped for their newly adopted digital avatars.
However, Hernández argues that while digital is perceived by some as masking the true self, she believes that in a “decentralized digital environment,” people will be encouraged to “go beyond these predispositions” and express the “true self.” real”.
The basis of Hernández’s thesis is that blockchain-based identity is not only verifiable, but gives users 100% control of their data, identity, and IP.
When asked by a listener what communities should be doing to ensure standards surrounding self-sovereignty and that users are no longer “consumers” but active partners in the ecosystem, Hernández simply noted:
“I think it’s just being a co-creator, right? And you start building with it.”
To hear more about this discussion, be sure to listen to the full episode of Steez NFT on the new Cointelegraph Podcasts page or on Spotify, Apple Podcasts, Google Podcasts or TuneIn.
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