Sovereign identity is a hot subject in blockchain and cryptocurrency, particularly with an upswing from the creator economy. Presently, there’s two kinds of digital identities. The first is federated and centralized whereby data is incorporated in the charge of the company. Self-sovereign digital identity is frequently reported like a human right that may reclaim agency using blockchain technology, what frameworks exist that help with governing it?
On August. 2, NFT Steez, a bi-weekly Twitter Spaces located by Alyssa Expósito and Ray Salmond, met Marjorie Hernandez, the co-founding father of LUKSO and also the Dematerialized to discuss the condition of blockchain-based identities and “Universal Profiles.” Based on Hernandez, later on, “everything have a digital identity.”
Onboarding in to the digital realm ought to be frictionless for sovereign “Universal Profiles”
Throughout the interview, Hernandez described the paradigm shift between centralized platforms to some more “platform-less future” and stressed that users have to be in charge of their identities and creation on more “agnostic platforms,” in which the can own their ip via “Universal Profiles.”
Lukso’s integration of Universal Profiles enables users and creators to reclaim their identities and issue their IP inside a symbiotic manner between creator and user. Based on Hernandez, the Universal Profile is visible like a personal operating-system (OS) whereby it’s possible to authenticate themselves, but additionally send, receive and make assets.
As Hernandez puts it, Universal Profiles really are a “Swiss Army type tool that’s serving a lot of purposes for that user.”
Related: Web3 is vital for data sovereignty within the metaverse
Blockchain-based identities in Web3
Understably, the emphasis of identity within Web3 started to spark up again when 2D profile pic (PFP) NFTs started to emerge. This surge was presented as a way to represent and identity yourself in addition to a flex, or expression of ego. For many, their physical and social identities were traded for his or her recently adopted digital avatars.
However, Hernandez argues that although some see digital as masking one’s true self, she believes that inside a “decentralized digital atmosphere,” individuals will be emboldened “to move beyond these predispositions” and express a person’s “true real self.”
The foundation of Hernandez’ thesis is the fact that blockchain-based identity isn’t just verifiable but gives users 100% charge of their data, identity and IP.
When requested with a listener what communities ought to be doing to guarantee the standards surrounding self-sovereignty which users aren’t “consumers” but active co-participants within the ecosystem, Hernandez simply stated, “I think it is simply being co-creator, right? And also you begin to build by using it.”
Stay tuned and listen fully episode stay tuned here to NFT Steez and make certain to mark your calendar for the following episode on Sept.16 at 12 pm EST.
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