How Self-Sovereign Identity helps users own their data
Data has always been a sensitive topic since the advent of the internet. Various challenges like misuse and improper data management have led many to search for a solution — and some believe that it could be found in Web3 through Self-Sovereign Identity (SSI).
Various projects have introduced SSI within their protocols. One of the most recent projects to do this is the popular dog-themed token project called Shiba Inu (SHIB). The project’s pseudonymous lead developer Shytoshi Kusama has recently unveiled their plans to integrate SSI into all Shiba Inu projects.
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In a statement sent to Cointelegraph, Kusama described SSI as a concept that emphasizes individuals' control and ownership over their personal data. According to the developer, it lets users create, manage and share their identity information without centralized intermediaries. Kusama explained that:
According to Kusama, Shiba Inu is utilizing this technology as another way to "empower" their decentralized community. The developer said that they are looking toward a future where this tech is integrated into the full Shibarium ecosystem.
Related: What is Web 3.0: A beginner's guide to the decentralized internet of the future
Web2 has always faced various challenges in data management due to its centralized nature. According to BNB Chain’s senior solution architect Arno Bauer, SSI addresses these challenges and improves how data is managed.
By aligning Web3 principles of data ownership and utilizing technologies like zero-knowledge (ZK) and soulbound tokens (SBT),
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