Define “Decentralized Identity” (DID).
Decentralized Identity (DID) is a self-sovereign model for digital identity where individuals have full control over their personal data and how it is shared, without reliance on central authorities. DIDs are typically anchored to a blockchain or decentralized ledger, allowing users to generate and manage their own unique identifiers and verifiable credentials.
Glossar
Identity Infrastructure
Architecture ⎊ This refers to the layered, often decentralized, technological stack designed to manage the entire lifecycle of digital identity, from issuance to verification and revocation.
Privacy Preserving Identity
Identity ⎊ Privacy preserving identity refers to the cryptographic techniques and protocols that allow a user to prove a specific attribute of their identity ⎊ such as being an accredited investor or a non-sanctioned entity ⎊ without revealing the underlying personal data.
Digital Identity Standards
Standard ⎊ Digital identity standards are the formal, often internationally recognized, specifications and protocols that govern the capture, storage, and verification of an individual's identity data in the digital realm.
Web3 Identity
Authentication ⎊ Web3 Identity, within cryptocurrency, options, and derivatives, represents a cryptographic attestation of control over a digital asset or account, moving beyond traditional centralized verification methods.
Identity Document Collection
Requirement ⎊ Identity document collection is a mandatory requirement under Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations for centralized financial entities.
Digital Identity Management
Integrity ⎊ : Maintaining the immutability and accuracy of identity data is foundational for regulatory compliance in derivatives trading.
Founder Identity Verification
Authentication ⎊ Founder identity verification involves a rigorous process of establishing the real-world legal identity of the core team members behind a cryptocurrency project or derivatives platform.
Preventing Synthetic Identity Fraud
Prevention ⎊ Preventing synthetic identity fraud involves implementing multi-layered Know Your Customer (KYC) and Customer Due Diligence (CDD) controls designed to thwart the creation of fictitious identities assembled from a mix of real and fabricated personal data.
Preventing Identity Spoofing
Prevention ⎊ Preventing identity spoofing, or Sybil attack prevention, is a core security requirement in decentralized networks to ensure that each node or validator represents a distinct, unique entity rather than multiple false identities controlled by a single actor.
Identity Verification in Web3
Attestation ⎊ Identity Verification in Web3, within cryptocurrency, options trading, and financial derivatives, represents a cryptographic confirmation of user attributes by a trusted issuer, moving beyond traditional Know Your Customer (KYC) processes.