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Decentralized Identity (DI) is a form of digital identity that is not controlled by a single entity. It is based on distributed ledger technology, such as blockchain, and is designed to provide users with greater control over their personal data. DI is becoming increasingly important in the IT security space, as it provides a secure and reliable way to authenticate users and protect their data. It also enables organizations to securely store and manage digital identities, while ensuring that only authorized users can access the data.
DI is also being used to improve the security of online transactions, as it allows users to securely authenticate themselves without having to share their personal information. This helps to reduce the risk of identity theft and fraud.
Some companies in the DI market include Microsoft, IBM, Evernym, Civic, and uPort. Show Less Read more