10 new and shiny digital reputation use cases
Let’s take a look at another ten of the most interesting and promising (> $ 10B TAM) use cases for SSI / decentralized identity.
Decentralized social graph
Imagine that all your friends, subscriptions, followers and contacts are stored not on the telegram, facebook and twitter server, but on the blockchain. Naturally, it’s privately stored and by default available only to you. The last point applies to all the use cases below, so I won’t repeat it again.
Now, any application, even the one that was launched only yesterday, can be personalized for you and give you the opportunity to take with you all your subscribers or those you follow. Regardless of the platform, your online social connections are always with you.
Messages are not stored on the Facebook server (meaning Facebook at any given moment just gives you a permission to access it) but with you. You can choose any interface or app for messaging, but the app developer provably can’t read your messages.
You have 10,000 bitcoins and you lose your private key. But it’s not a big deal: it can be restored by collecting pieces from the nodes of the social graph that are closest to you. At the same time, such a system will not allow an attacker to recover your key without your knowledge, because he will have to convince 10–20 of your closest friends and relatives that he is you.
Sybil resistant ID
There is no better way to fight spam and bots than to calculate the probability that a particular DID is a real person from its activity metadata. Faking such an account, depending on the security requirements, can cost thousands of dollars, and for the user, confirming humanhood will be even easier than a captcha.
An obvious use case where the fact that all your skills, competencies, knowledge, as well as professional experience — projects, speeches, articles, work with colleagues, partners and clients — can be taken into account in the VC format and replace a resume with a verified, dynamic digital alternative.
Data is the new oil. But today the nature of this business is that Google/Facebook collects and sells your data even without your knowledge. With the help of SSI, you can build a truly honest data marketplace where data owner is in the center and receives a rewards for other people using it. Identix.space is building an advertising network in which not the platform, but the user himself earns by selling personal information to advertisers.
SSO + autocomplete
Forget about passwords and forms. After adding a convenient authorization method and standard form fields (names, addresses, personal info), you can now place orders or send applications on the websites where you have never even been registered before, with just one click.
With a rich and proven on-chain reputation, you can borrow without requiring large collateral. Let’s agree that such loans make much more sense than the current model, when you need to put down $1,000 in collateral to borrow $750?
A person is not just what they say about themselves, but also relationships, connections, communities, of which they are part of. SSI+SBT allows you to quantify and provably represent your affiliations with communities, organizations and groups of people. The more respected, selective the community and your position is, the more doors in life such a digital credential can open.
For those who are tired of reading: https://didme.me/