Decentralized Identity Research: A Comprehensive Analysis
Introduction In an era where digital interactions are integral to daily life, managing digital identities has become a critical concern. Traditional centralized identity systems are vulnerable to security breaches, data misuse, and privacy violations. Decentralized Identity (DID) systems offer a promising alternative by empowering users with control over their personal data and reducing reliance on centralized authorities. This comprehensive analysis delves into the state of decentralized identity systems. We examine technical architectures, user adoption challenges, regulatory considerations, and future directions. The research was spearheaded by the NEU Blockchain Club in collaboration with Superscrypt, aiming to contribute valuable insights to the evolving landscape of digital identity. ...