Shiba Inu’s (SHIB) upcoming blockchain-based digital id challenge can have a “myriad” of use circumstances that can assist keep decentralization, in line with pseudonymous memecoin lead developer Shytoshi Kusama.
Shib, the ecosystem’s official Twitter account, introduced final week that Kusama is planning to combine Self-Sovereign Id (SSI) in all Shiba Inu initiatives.
SSI is a blockchain-based digital id resolution akin to passports for proving id within the digital world. SSI provides customers complete management over how their digital id is saved and used.
Says Kusama of the brand new improvement,
“From enhanced enterprise processes, to price financial savings for mom-and-pop companies struggling beneath the burden of inflation, to fraud prevention for governments, Shib SSI will assist our neighborhood of devs obtain wonders. For example, SHIB SSI solves the complexity of the Shib Ecosystem by permitting for granular governance at a stage not earlier than realized by a decentralized neighborhood…
By harnessing these applied sciences, we envision a world the place id theft is a factor of the previous, the place private knowledge leaks are unparalleled, the place belief is inherent and never an exception. This isn’t a mere thought however a tangible future that’s not inconceivable.”
The SSI announcement comes because the challenge will get nearer to releasing its much-anticipated layer-2 scaling resolution, Shibarium. Kusama has mentioned beforehand that it’s “extremely possible” they’ll launch the scaling resolution on the Blockchain Futurist Convention, which takes place from August Thirteenth-Seventeenth in Toronto.
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