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Benefits of the DIDx SSI Platform

Decentralized Identifiers (DIDs) and Verifiable Credentials are key technological solutions that are part of a decentralized identity management approach. Decentralized identity addresses the issues that often result from centralized and federated identity management systems, including the increased risk of data breaches from centralized data storage systems, the collection, storage, and sharing of personal user data without people's knowledge, and data ownership by organizations.

Here are the key benefits of decentralized identity management for organizations, individuals, and developers:

Benefits for Organizations​

  • Instantly verify credentials, saving time, money, and resources.
  • Prevent certificate fraud.
  • Ensure high data security through the application of cryptography.
  • Reduce the risk of being targeted for cyber-attacks by storing less user data.
  • Help comply with regulations on how to handle and use personal data.

Benefits for Individuals​

  • Fully own and control your data.
  • Prevent device and data tracking.
  • Choose with whom you want to share information.
  • Ensure explicit consent is required before data is shared.

Benefits for Developers​

  • Eliminate the need for passwords and inefficient authentication processes, enhancing the user experience.
  • Safely request data directly from users while maintaining their privacy.