Digital Passport is a secure digital identity document that stores verifiable information about an individual or an asset in an electronic format. This digital record facilitates identification, authentication, and access to services, often leveraging advanced cryptographic techniques for security. It serves as a portable and interoperable credential across various digital and physical domains. Such passports can simplify transactions and enhance privacy controls.
Context
The concept of a digital passport is gaining considerable traction in discussions around digital identity, particularly in the context of Web3 and decentralized autonomous organizations. Its situation involves pilot programs for secure credential management and increasing calls for self-sovereign identity solutions. A critical future development includes the widespread adoption of interoperable digital passports, allowing individuals greater control over their personal data and streamlining verification processes across diverse online and offline interactions.
Scaling the AURA ledger standardizes digital provenance across the luxury portfolio, materially reducing counterparty risk and validating secondary market liquidity.
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