Shiba Inu Developer Shytoshi Kusama Explains ‘Myriad’ of Use Cases for New Shibarium Identity Project
Shiba Inu’s (SHIB) upcoming blockchain-based digital identity project will have a “myriad” of use cases that will help maintain decentralization, according to pseudonymous memecoin lead developer Shytoshi Kusama.
Shib, the ecosystem’s official Twitter account, announced last week that Kusama is planning to integrate Self-Sovereign Identity (SSI) in all Shiba Inu projects.
SSI is a blockchain-based digital identity solution akin to passports for proving identity in the digital world. SSI gives users total control over how their digital identity is stored and used.
Says Kusama of the new development,
“From enhanced business processes, to cost savings for mom-and-pop businesses struggling under the weight of inflation, to fraud prevention for governments, Shib SSI will help our community of devs achieve wonders. For instance, SHIB SSI solves the complexity of the Shib Ecosystem by allowing for granular governance at a level not before realized by a decentralized community…
By harnessing these technologies, we envision a world where identity theft is a thing of the past, where personal data leaks are unheard of, where trust is inherent and not an exception. This isn’t a mere idea but a tangible future that is no longer impossible.”
The SSI announcement comes as the project gets closer to releasing its much-anticipated layer-2 scaling solution, Shibarium. Kusama has said previously that it’s “highly likely” they’ll release the scaling solution at the Blockchain Futurist Conference, which takes place from August 13th-17th in Toronto.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Credit: Source link
Comments are closed.