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Decentralized digital identities and credentials are key to mass Web3 adoption

As the world of Web3 emerges, decentralized digital identities present a promising alternative to the current.

With the birth of Web3 Global, there is also an exciting opportunity to focus on the role of identity and security in the digital world. Digital identities and qualifications play an important role in promoting users to quickly manage their ID and control their private information.

The digital logo can contain the content of our identity information, my e-mail address, contact number, detailed address of digital currency, inconsistent account numbers, login of financial institutions and all other specific contents related to individuals and identities.

Digital ID cards have been around for some time and have had a far-reaching impact in Web2, but with the large-scale selection of Web3 applications, their effectiveness will be greatly increased.

In Web2, usernames and passwords begin to become ubiquitous, and the vast majority of online customer services rely on them as browsing credentials. However, this method causes a lot of security risks, such as storing data on private servers beyond the control of users, but these network servers are likely to have no certain security measures. Therefore, I have limited control over their data and information, and I only expect his information to keep a safe distance.

You may think that, taking full account of the financial resources of Internet giants, modern information technology will be more cautious in dealing with user data and information, but this is not the case. In 2021, a user of a high-level hacker website posted personal data on more than 500m Facebook users, including his full name, location, contact number, email address and personal information. This is the personal data of about 6.3% of the world's urban population leaked by cyber hackers.

How to change digital identity by Web3

The birth of Web3 and Metverse provides a good opportunity to change the way people deal with personal data. With the birth of decentralized identity (DID), Web users can completely query and control their data information. In some cases, this identity can be used as a means to create online personal information, professional qualifications and other reasonable and legal means. The change of this kind of block chain technology DID provides a promising alternative to the specification at the present stage.

Because of blockchain applications, Web3 provides better security protocols and adds the idea of an inherent territorial sovereignty that allows immutable interactions on the Internet.

NuvoCEO Callaway explained that a member of the community engagement service platform confirmed:

Decentralized identity authentication (DID) allows a person to safely manage methods and data to share his digital identity, and community involvement is particularly important for closer relationships, ensuring diversity, and promoting the use of this method.

Nuvo is a personal privacy priority, decentralized product authentication identity architecture, and a scalable reputation-driven ecosystem.

According to Nuvo, the user can forge his NuvoID and use Soulound cannot change the NFT technology to consolidate his online identity as his own identity. Nuvo provides a single sign-on function that allows users to log in through all the markers she chooses.

For some strangers, the life-related OTP is an authenticated and non-transferable NFT that represents personal work experience, master-slave relationships, and service commitments. This OTP is imported to the user address, but cannot be sold or migrated. Dynamic passwords help users share their reputation with the online community, including employers, schools, organizations, etc.

For novice rookies who are not familiar with the untrusted environment, moving to Web3 is likely to look riskier and less secure, but the fragmented Internet may be more secure. Nuvo uses its own infrastructure technology and strategic partnerships to allow users to build reliable and decentralized ID and to control their private information.

Nuvo is an economic development connection point nurtured through the two-tier agreement METIS, which ran in June last year and is called Matrix RPS (Reputation Power System). Earlier this year, it renamed its brand to Nuvo and upgraded all its product modules to fully meet the needs of developers, collaborative development projects and end users.

Nuvo has back-end and front-end infrastructure:

  • The back-end service platform, called NuvoOne, allows developers to build website domain names, smart contracts and decentralized application processes (Dapp), and publish NuvoBadges, allowing users to show their dedication and nurture.
  • The front service platform NuvoMe allows users to interact with Web3 globally based on three star products: NuvoID, NuvoBadge and Reputation Power.

The Nuvo ecosystem adds security and privacy to personal data in Web2 and Web3, driving VIP participation and creating a digital reputation architecture.

DID that enables businesses and organizations to make profits

Not only is it a meaningful independent innovation for end users, DID will eventually benefit enterprises and service providers. DIDS introduces a new case for identity and access management, which enables users to identify themselves online through a secure and trusted management information system. Organizations will benefit from this technology in many ways because it can provide higher security for user data information, reduce costs associated with centralized identity, achieve better browsing of network resources, and improve organizational clarity.

Because of his approach, DID provides greater scalability, allowing organizations to quickly import users into his Internet without having to manually apply for registration for every user. In addition, DID can achieve secure data transmission between users and organizations, which is indispensable in today's data-driven world.

By using blockchain and Web3, enterprises can save costs associated with ID infrastructure development and design, and significantly reduce the risk of data leakage or security risks. It is normal for companies to feel anxious about choosing new technology applications. However, there is no doubt about the safety material benefits generated by blockchain technology. The real risk is likely to be blamed.

Learn more about Nuvo
by Anatol Hooper
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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