Decentralized identities offer ownership and control over digital identities, increasing user empowerment and promising greater sovereignty in the digital landscape.
In the digital age, decentralized identities (DIDs) are gaining traction, offering individuals control over their digital identity and promising a more sovereign internet.Tim Yeoh — a pioneer in this field and founder of d.id, a company that provides DID solutions — compares DID to Bitcoin (BTC), as both empower users with autonomy. In this interview, Yeoh discusses the importance of community governance in DID, the evolution of the d.id ecosystem and its role in simplifying the transition to Web3, and how DID’s ability to decouple identity from applications will redefine online interactions, communities and personal identities.Cointelegraph: In today’s digital age, the concept of identity has undergone a radical shift. In layman’s terms, can you explain decentralized identities and why they are gaining traction?Tim Yeoh: In today’s digital age, our concept of identity is evolving. Think of DID as the Bitcoin of the identity realm. As Bitcoin, a programmable currency, uses cryptography and operates without central control, DIDs offer programmable identities not governed by a singular entity.Bitcoin empowered individuals with unmatched control over their finances. Similarly, DID is shifting our identity paradigm, granting individuals more autonomy over their digital identities, free from centralized constraints. As we move forward, DIDs are becoming crucial, marking a new chapter in how we think of and manage our digital selves.
Source: d.id
CT: The shift from Web2 to Web3 has been exciting and daunting for many. How is d.id simplifying this transition for users, especially for those who might not be tech-savvy?TY: Web3 shouldn’t be limited to technical insiders. That’s why we’re championing the “barrier-free Web3 principle”, which emphasizes no private keys, no transaction fees and true decentralization.We’ve gone to great lengths to ensure that all our products embody this principle, making Web3 accessible without technical barriers.CT: You crafted a DID model comprising decentralized identifiers, soulbound tokens and scenarios. Can you explain how these three components shape an individual’s digital persona?TY: In this system, an individual’s unique decentralized name (decentralized identifier), such as “tim.swiftie,” aggregates their contributions, achievements and experiences via soulbound tokens. This enriched identity, similar to how our names encompass our real-world deeds, facilitates participation across different societal platforms (scenarios).But unlike real-world identities, DID ensures a digital identity that’s all ours, cross-platform, persistent and trusted, offering a new approach to age-old identity challenges.CT: The gaming world and DAOs use significant digital identity implications. How does d.id cater to these specific sectors?TY: We’ve harnessed the potential of DID to serve multiple digital domains, spanning fan and creator economies, decentralized autonomous organizations (DAOs), brand memberships and gaming communities.For fans, we connect their identities directly to their idol’s brand, enhancing fan authentication and intensifying their bond with their idols. Moreover, embedding the celebrity’s name in each fan’s DID suffix further increases the celebrity’s brand influence.In the DAO space, beyond simplifying member authentication and strengthening identity and affiliation, our solutions significantly boost governance and collaboration aspects. Like Voty, which uses a DID-based governance model where only members with a DID can propose or vote. It also allows organizations to segment into specific working groups for targeted decision-making.For brands, we’ve introduced a transparent membership system that enables seamless cross-brand collaboration. Imagine nearby merchants offering discounts to Marriott hotel members simply by showing their Marriott DID identity, bypassing complex brand partnership agreements and directly benefiting Marriott members.We also have our “DID as a service” for the creator economy. Essentially, creators can add a DID suffix to their projects and sell them to supporters. This not only allows them to authenticate their work in the market but also provides a unique revenue pathway, using the DID as an entry credential.For the gamers out there, we’re enhancing the Web3 gaming platforms with a robust DID-based user account system, making the overall gaming experience even more immersive and secure.CT: Lastly, as we look toward a more decentralized future, in what ways do you believe DID will redefine our interactions, communities and personal identities online?TY: DID revolutionizes how we understand identity by decoupling it from specific applications. Imagine individuals or organizations seamlessly transitioning their identities across platforms, just as Bitcoin users aren’t tied to a single wallet.Another key benefit of DID is the concept of “seamless collaboration.” As I mentioned in previous questions, a restaurant used to require extensive negotiations with Marriott to verify member discounts. With DID, verification can be as simple as checking for an identifier like xxx.Marriott, and there’s no need for extensive discussions or contracts.This transformative approach streamlines the experience and introduces innovative business models, leading us to a more decentralized future.