PYMNTS.com February 24, 2025
Decentralized digital identity solutions are becoming a cornerstone of cybersecurity.
No one knows this better than some of the world’s biggest tech firms, like Microsoft and IBM, which are using digital identity for their own enterprise security.
At its core, digital identity refers to the digital representation of an individual’s or entity’s information, allowing systems to authenticate and authorize access securely. Traditionally, businesses have relied on centralized identity management systems like the classic username and password paradigm. However, as cybercriminals become more sophisticated, these traditional methods are increasingly proving insufficient.
Decentralized identity solutions, which use blockchain and cryptographic technologies, offer a promising alternative. These solutions allow individuals and entities to control their identity credentials, reducing the reliance on centralized databases...
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