What Is Self-Sovereign Identity?
Data is one of the most valuable assets in a digital world. Self-Sovereign identity puts you back in control of your personal data for more privacy and protection.
Do you have control over your digital identity?
When you register for a new online account, you are being forced to hand over personal data. It’s only a matter of time before those accounts become compromised and malicious actors gain access to your personal information. By using blockchain technology, Self-Sovereign Identity puts you back in control of your personal data.
Your online identity will become critically important to you as AI begins to flex it’s muscle. Data cloning is happening and the Internet has become high-risk for phishing and data theft for decades, now ID fraud is beyond epidemic and the blockchain has arrived just in time.
Your data is yours. Currently, it belongs to any service provider you register for when creating new online accounts.
The internet is forever, and so is your personal data once it’s online. Keep your personal information safe and choose when to share it.
Why is Self-Sovereign Identity Important?
To use any application, visit a website, or access a device in the digital world – your first step is authentication. Who are you? Are you really who you claim to be? This is the foundation of all interactions with technology, and it’s deeply flawed when you don’t control who you are in a digital world.
Your data is getting more concentrated in the hands of a few large institutions. They are storing information about your browsing history, shopping habits, location data, bank statements, medical history, and much more. With the rising threat of data breaches, security threats, and loss of privacy – your information is increasingly at risk because you do not own your identity. As your life becomes increasingly digital, the data you create forms a clear construct of who you are. Instead of storing the data on centralized servers that could be at risk for hacks or misuse, we believe there is a better way. You, the identity owner – should own and control your own information.
Using blockchain technology, the SelfKey Wallet provides an identity platform where you can manage all of your personal information. You’ll be able to choose what information you want to share, who gets access to it, and for how long. This will revolutionize how you interact with the online world, while protecting your information and privacy. Welcome to the future of identity: where you are in complete control. Where you are self-sovereign.