For years, companies and experts have been lauding the possibilities of decentralized digital identity (DID). Detailed insights into this industry, however, have been limited – up until now.
On Monday, the world’s largest database of decentralized identity projects was unveiled in Zurich, Switzerland by investment firm Key State Capital.
The Web of Trust Map reveals that much of the world’s governments have jumped on the decentralized ID trend, hoping to allow their citizens more control over their personal data. Nearly 60 percent of the 117 countries developing digital IDs are also working on some form of decentralized digital ID, the data showed.
“We’re specifically mapped decentralized ID project with some government support or endorsement, because otherwise it’d be just way too much to map, although we’ll try to do that down the line,” Thibault Serlet, partner at Key State Capital told Biometric Update.
The data also showed that digital identity has become a goal for governments in almost every part of the world: 59 percent of countries are developing both decentralized and centralized ID, 24 percent are developing only centralized IDs, while only 18 percent of countries are not developing digital IDs at all. None of them, however, are focusing only on decentralized ID, adds Serlet.
