Self-Sovereign Identity Models
Self-sovereign identity models are frameworks that prioritize individual ownership and control over digital identity. In these models, users possess their own credentials and can choose when, where, and with whom to share them.
This removes the need for centralized intermediaries like social media companies or banks to manage identity data. By giving users control, these models improve privacy, security, and portability.
In the crypto domain, this means users can manage their financial identity across various protocols using a single, secure, and private identity wallet. This shift is essential for building a more user-centric and privacy-focused internet, where individuals are not just users of services but owners of their own digital credentials.