Dock

<p><strong>TL;DR</strong></p><ul><li>Dock launches <a href="https://www.dock.io/web3id" rel="noopener noreferrer nofollow">Web3 ID</a>, a blockchain-based authentication and authorization system that puts user privacy first</li><li>Organizations can request private user data in a privacy-preserving way that users can trust based on the principles of Self-Sovereign Identity while leveraging the security of cryptography</li><li>Developers can build user-centric apps that eliminate the need for passwords and authenticate people securely with Web3 ID</li></ul><h2 id="header-0">Fully Own and Control Your Web3 Identity</h2><p>Our team has been working diligently to keep building robust decentralized identity solutions and we are excited to announce the launch of Dock’s Web3 ID. Web3 ID is a blockchain-based authentication and authorization system that puts user privacy first. It allows organizations to securely request private user data and the user has the option to give permission to reveal the information or confirm it without revealing the data at all. Web3 ID enables people to fully own and control their digital identity.</p><p>Centralized digital identity management systems are broken. Organizations storing all their users&#39; data on centralized servers are putting it at greater risk by creating a &#34;honey pot&#34; where a hacker can breach and access all that information at once. These systems use centralized identifiers, like email addresses and phone numbers, that can be used to track users online, correlate their data (data can be traced back to someone&#39;s identity), and share that information with third parties without people&#39;s knowledge. Cybercrimes cost victims <a href="https://www.infosecurity-magazine.com/news/cybercrime-victims-318-billion/" rel="noopener noreferrer nofollow">$318 billion annually</a> and <a href="https://www.newswire.com/news/new-research-most-people-have-70-80-passwords-21103705" rel="noopener noreferrer nofollow">the average person manages between 70 to 80 passwords</a>, which creates a bad and unsecure user experience. Web3 ID solves many of these problems.</p><p>“Web3 ID is essential in fulfilling the vision of Self-Sovereign Identity that gives people full control and ownership over their digital identity. We’ve developed game-changing technology that enhances security, efficiency, and privacy for individuals, developers, and organizations.”–Nick Lambert, CEO at Dock</p><p></p><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/b6296e3cfbcc40aebda4ec1e834915ae.png" /><p></p><h2 id="header-1">How Web3 ID Works</h2><p>In Web2, people authenticating their identity have to manage an endless number of emails, passwords, and other login information, all of which are centralized digital identifiers, while data is being spread more on the internet. And when people log in with Google or Facebook that don’t require someone to create a new account, they are still sacrificing their privacy. But with Web3 ID, people can create their own Decentralized Identifiers to securely prove their identities and credentials to sign in to apps and websites without compromising their privacy.</p><p>Web3 ID is:</p><ul><li>A collection of the user&#39;s Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs)</li><li>Blockchain-based authentication and authorization system</li></ul><p>How people can sign in with Web3 ID:</p><ol><li>An app or website uses a QR code to request cryptographically verifiable digital identity or credential data that is securely stored in someone’s digital identity wallet app</li><li>The user scans the QR code and is prompted to confirm the specific data needed to access or use an app or website</li><li>Coming soon to Web3 ID: People will be able to use privacy techniques like Selective Disclosure (only share a specific part of a credential) and Zero-Knowledge Proofs (prove something about themselves without revealing the data that supports the proof)</li></ol><p>Learn more about the features and benefits of Web3 IDs, the difference between centralized and decentralized identity systems, the role of Decentralized Identifiers and Verifiable Credentials in Web3, and how Web3 IDs will ensure private user authentication using Zero-knowledge proofs, read our official announcement blog using the link below.</p><h2 id="header-2"><strong><u><a href="https://dock.ghost.io/ghost/#/editor/post/62cf2b928a84aa003d093102" rel="noopener noreferrer nofollow">Read the full article here.</a></u></strong></h2>

Dock Launches Web3 ID: Secure Web3 Identity for People and Organizations

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