I was visiting a site at www.advancedmedicine.exchange and they were talking about a Decentralized ID.

Blockchain was visiting a site at www.advancedmedicine.exchange and they were talking about a Decentralized ID. I just took them up on a free offer so I did it. I learned a lot. I learned that there is no guarantee our Identity is safe or private anymore.

I had no idea that modern identity management failing all of us! It is mainly because Businesses lack the resources to safeguard our information.
As a result, we risk identity theft whenever we open a new online account.

Our ID's are constantly being stolen by hackers because current implementations of Identity Management systems are all stored on a centralized infrastructure

I also learned that we are oversharing of personal information! Why do these websites require us to share more data than is necessary?

This is why everyone is selling Identity Theft protection like ID Seal because when a hacker breaches a centralized database, they gain access to all of my customer data. Given the amount of data available on my driver's license, it now becomes much easier to steal my Identity. This is one of the reasons why identity theft is one of the fastest-growing crimes in the world. This is why I signed up for a free decentralized ID.

Public Last updated: 2021-06-07 03:56:12 AM