'Web 3 Identity of Users Need to be Transparent and Secure ' web3 digitalidentity
. Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the story for quality, but the claims hereon belong to the author. #DYORWeb3Tim Bos: As someone who was previously active in the car sharing economy, I saw a lot of issues that created high levels of friction for the renter and the company. One issue is around the fragmentation of the whole industry.
Tim Bos: Unlike 99% of the market, I don’t see NFTs as simply art. Whilst it’s a great use case to guarantee the authenticity of artwork, it has a utility that far exceeds this simplistic view. An NFT can be a method of positively authenticating almost anything. For example, your identity can be linked to an NFT as a way to prove something about yourself in Web3 applications.
Ishan Pandey: Gaming companies with virtual currency-based products are on high alert following the recent fall of TerraUSD and Luna. What are your views on the latest developments and concerns surrounding the Luna and UST token? It would be good to see some more crypto companies take a proactive approach and introduce strong internal governance and best-of-breed regulations when launching DeFi products .Tim Bos: ShareRing ID is the nucleus of the ShareRing Vault. It’s generated from the first document that’s uploaded during the user sign-up process. This is very important, as all of the other identity documents are checked against this ShareRing ID.
And far too often, there’s a hacker that gains access to and leaks this information. By using the concepts behind self-sovereign identity and W3C, we’ve created the ShareRing Vault.
Tim Bos: Generally, any type of document. We take a broad view of ‘identity’, in that it is a piece of information that allows you to verify something about yourself to another person or company. For example, it could be a passport or license, but it could also be your medical or vaccination history, or a ticket to an event, a graduation certificate, a trade/work certificate, or even or an NFT that you own. We have 3 methods of verification for these documents.
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