Online identity is a mess. Despite the Internet’s reputation for anonymity, it is virtually impossible to perform any action online with true privacy. At the same time, processes for willingly verifying identity or other claims are cumbersome, unintuitive, and reliant on a handful of centralized providers or imperfectly replicated versions of offline systems.
Internet of People (IOP) is building on fundamentals provided by organizations such as W3C to provide decentralized self-sovereign identity and trust solutions via an interdependent ecosystem of open protocols, decentralized tools, and services built with the latest cryptographic technologies and secured by the Hydra blockchain and token.
Once complete, the IOP stack will give users full control over their identities and their personal and professional connections. Anyone can use IOP to present verifiable claims without the need for a third party or compromising their privacy. This has the potential to revolutionize a wide range of industries, as well as providing access to proof of identity, credentials, and ownership to billions of currently underserved people.
Simple yet powerful tools will allow businesses and institutions to connect directly with their target customer base without the costs, hassle, and security and regulatory liabilities associated with harvesting and storing unnecessary data.
Among other business use cases, this will pave the way for a new kinds of verifiable credentials and tools for requesting and sharing them in a way which matches current user and business needs, while also opening up these markets to the huge numbers of people across the world who currently lack access to these services.
Internet Of People
