- SHIB Token is implementing Self-Sovereign Identity (SSI) into Shibarium.
- An educational blog post describes the importance of digital citizenship.
- Shibarium digital IDs are the latest effort in Shiba Inuโs DeFi push.
To help make the Shiba Inu community โ100% decentralized,โ its devs have introduced a Self-Sovereign Identity (SSI) system into Shibarium. The Layer-2 scaling solution for the popular memecoin project is set to have an extra security layer with the new integration of SSI in all of SHIB Tokenโs products. The motive behind this approach is to bolster security and user control.
What Is Shibaโs Self-Sovereign Identity (SSI)?
In the latest official blog message by Shytoshi Kusama, SHIB Tokenโs lead developer explained the principle behind a Shibarium-native digital identity. As explained in the blog post, a Shiba Self-Sovereign Identity is based on advanced protocols to verify a personโs credentials in digital surroundings; the person owns his or her data on the blockchain.
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In contrast, big tech corporations have been collecting user data for ages – even though this is done with the userโs permission, the vast majority of users of these big tech companies have no idea how the information is collected and processed.
โWe have to do better as a planet, and we will,โ declares Kusama, pointing out that data collection policies have caused social issues for the users, including mental health challenges and online identity theft. โThink of it like this, Not your Keysโฆ not your coins. Not your Shib ID? Not your identity!โ he adds, likely alluding to the cold storage wallets released exclusively for the SHIB Army by the Swiss hardware wallet manufacturer Tangem.
How Shibaโs Self-Sovereign Identity Works
SHIB Sovereign Identity allows community members to switch the paradigm from not owning their data to controlling their digital identity and fully leveraging it. To illustrate, digital identity can help several larger-scale problems than just Web3:
- Prevention of fraud for governmental institutions.
- Cost savings of small, family-run businesses.
- Granular governance across Shiba Inu Ecosystem.
Digital identity technology aims to erase identity theft and personal data leaks often seen in Web2 while also restoring the notion of trust in Web3 communities, which were contaminated by bad actors exploiting the vulnerabilities of blockchain technology.
Shytoshi Kusama unveiled that more details surrounding the use cases for SHIB SSI will be given in the upcoming Worldpaper, which โisn’t associated with any token that makes you scan your eyeballs to cash in.โ As trusted community developers can use the SHIB SSI to build on, โthe possibilities are near endless,โ argues Kusama.
When Shiba Inuโs Self-Sovereign Identity Goes Live?
According to the blog post, Shiba Inuโs Self-Sovereign Identity is set to go live in the coming months. Kusama warned that thereโs still a lot of work to be done, and this feature is not instantly available. However, he also assured the Shiba Inu crowd that Shibarium, the highly-anticipated Layer-2 scaling solution, โwill be out well before then.โ
On The Flipside
- The crypto community is divided into two camps over Know Your Customer (KYC) requirements.
- Even though KYC helps with regulatory compliance, crypto aficionados argue that KYC goes against the principles of crypto.
Why This Matters
As the new generation of the internet, Web3 revolves around building an infrastructure with digital identity serving as the key element of taking back control of oneโs data.
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