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Setting the Stage for Universal Decentralized Identity

The Anonybit creates a secure framework that enhances compliance, safeguards identity, and safeguards individual assets. It offers cloud-based biometrics, biometric MFA, zero-trust security, cryptography, private key storage, etc.

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Setting the Stage for Universal Decentralized Identity

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  1. ANONYBIT PRESENTING.. SETTINGTHESTAGEFOR UNIVERSALDECENTRALIZED IDENTITY 1

  2. YEARAFTERYEAR,THESTEADYGROWTHOF CYBERCRIMEHASSTEADILYPUSHEDDIGITALSECURITY EXPERTSTOVENTUREINTONEWTERRITORYWHENIT COMESTODEVELOPINGNEWINFRASTRUCTURESTHAT CANTRULYSAFEGUARDPERSONALIDENTIFIABLE INFORMATION(PII).THESEEFFORTSHAVEONLY BECOMEMOREURGENT,WITH71.1MILLIONPEOPLE FALLINGVICTIMTOMALICIOUSCYBERCRIMEEVERY SINGLEYEAR.AFTERALL,THEDETRIMENTOFFALLIBLE SECURITYSYSTEMSULTIMATELYFALLSBACKONUSERS, ASTHEAVERAGEINDIVIDUALENDURES$4,476IN ANNUALLOSSESFROMTHESECYBERATTACKS. THANKFULLY,RECENTDEVELOPMENTSHAVELEDTOTHE INCREASINGLYPOPULAROPINIONTHATDECENTRALIZED IDENTITYAPPROACHESAREMUCHMORESECURE.BUT ASFARASIMPLEMENTATIONGOES,WESTILLHAVEA LOTOFWORKTODO. SETTINGTHE STAGEFOR UNIVERSAL DECENTRALIZED IDENTITY 2

  3. DECENTRALIZED IDENTITYUSECASES Decentralized identifiers and verifiable credentials have immense value. On an organizational level, they can simplify onboardingprocessessothatemployees or consumers don’t need to transfer their personaldataacrossvariousinputs.They can reduce friction, make customer adoption go faster and reduce concerns aboutdatasharing,storageandprivacy. Differentverifiablecredentialscanalsobeissuedfor different purposes. Besides the obvious ID carts, consumers can also leverage DIDs to secure digital prescriptions, or prove education credentials, businesses can use verifiable credentials for bills of lading, insurance certificates, export licenses, and more.Inshort,decentralizedidentifiersandverifiable credentials present countless personal, organizational, and societal applications when it comestofortifyingpersonalinformation.

  4. VAULTSHELP? Leveraging multi-party computing, decentralized data vaults split data into multiple pieces, encrypt them and distribute them across peer-to-peer networks.Eachpieceofdataisstoredinadedicated storagenodethathasacorrespondingnodethatis responsible only for the decryption of the specific datacomponent. HOW CAN DECENTRALIZEDDATA Personaldataonthebackendissecuredandnotvulnerableto breacheswhichcanbeusedforsubsequentaccounttakeoverattacks; Privilegedaccesscredentialscannotbesharedordistributed; Theriskofunauthorizedactivityevenamonginsidersorthosewith propercredentialsisminimized. 3

  5. 19176552045 https://bit.ly/3UWuOBt info@anonybit.io

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