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.
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- Source: https://dailyhodl.com/2023/08/08/shiba-inu-developer-shytoshi-kusama-explains-myriad-of-use-cases-for-new-shibarium-identity-project/
