Today’s identity systems are a centralized collection of user data, and have become the #1 target for attackers. According to the Verizon DBIR, more than 80% of breaches start with compromised credentials.Decentralized identity represents a massive paradigm shift to a safer, more secure future by making the user's device the transport mechanism for that single user's data. In other words, no more “trusted” third parties. Decentralized identity eliminates the need to build connections into federation systems, and reduces the amount of personally identifiable information organizations must collect.In short, we’ll discuss how shifting to a decentralized identity model reduces risk for organizations while simultaneously improving users privacy.
