User-owned identity means individuals control their digital identity data rather than third-party platforms. This concept refers to a system where an individual possesses sovereign control over their digital credentials, personal data, and online presence, typically managed through decentralized identifiers and verifiable credentials on a blockchain. It contrasts with traditional models where centralized entities hold and manage user information, providing greater privacy, security, and portability. This approach grants individuals autonomy over their digital persona.
Context
User-owned identity is a central theme in the Web3 movement, addressing growing concerns about data privacy and corporate control over personal information. The current state involves active development of decentralized identity protocols and wallets that enable individuals to manage their own data. Future developments will likely see the widespread adoption of these self-sovereign identity solutions, fundamentally altering how individuals interact with online services and manage their digital lives.
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