Identity Registry

Definition ∞ An identity registry is a centralized or decentralized system designed to store, manage, and verify digital identities. It serves as a definitive source for authenticating users or entities within a network or application. Such a registry provides a structured framework for identity creation, attribute storage, and verification processes. Its primary function is to establish trust and security in digital interactions by confirming who an entity claims to be.
Context ∞ In the digital asset and blockchain space, identity registries are critical for bridging the pseudonymous nature of many protocols with real-world regulatory requirements like anti-money laundering. Decentralized identity solutions are gaining prominence, allowing users greater control over their personal data. Discussions revolve around balancing user privacy with the need for verifiable identities to prevent illicit activities and comply with global financial regulations.