Identity Verification Becomes Crucial in the Digital Age

In the rapidly changing digital landscape, identity verification is emerging as a critical concern. As Web3 places increasing emphasis on data ownership and trust, authenticating one’s identity is becoming a major challenge. Recently, Roundtable anchor Rob Nelson and Ralf Kubli, board director at Casper Association, discussed how blockchain technology could address this issue.

Nelson began the discussion by pointing out the prevalent confusion and distrust regarding data authenticity. He posed questions like, “How do I know where the data’s coming from? How do I know I can trust the data?” Nelson suggested that blockchain technology, including possibly bitcoin, could offer the needed security and trust for authentic identity verification.

Kubli acknowledged the widespread frustration in the blockchain community regarding identity verification. “Identity is such a clear use case for blockchain,” he stated. He elaborated on the concept of self-sovereign identity, where individuals fully control their data using advancements like knowledge proofs.

However, Kubli highlighted a major obstacle: the reluctance of large corporations and governments to adopt blockchain for identity verification. “Some of the largest corporations and governments are reluctant to use blockchain in this environment,” he noted, despite its

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