With the emphasis on digital sovereignty, all online identities are user-controlled and decentralized. Blockchain technologies are used to establish tokenized identity systems to govern security credentials via cryptographic keys. On the other hand, legacy ID systems use centralized databases that are open to breaches.
Blockchain identities don’t hold personal information, and users can claim identity ownership and authenticate without using sensitive data. This technology has a wide range of applications. For example, in the context of , developers can ensure all players are unique.
This is especially important when competitive play and rewards are involved to ensure game integrity and fairness. Tokenization is redefining online safety for identity control, and it’s used in many sectors, including healthcare, banking, entertainment, etc.
