Identity in the blockchain
As we did in the previous section, we will briefly review some of the initiatives active in the identity business and understand the players and the relevant metrics.
Introduction to the business landscape
Identity has long been a focus area for Web3 initiatives. The online domain faces various challenges related to identity, such as solving identity theft, international credit score transfer, and preventing Sybil attacks, among others.
One noteworthy project is “Proof of Humanity,” which aims to create a Sybil-proof list of individuals launched on the Ethereum network. To join the project, an already registered individual must vouch for your profile, thereby expanding the network of trust. The registration span is limited to 2 years to ensure that the registry is continuously updated so that deceased individuals or bots that previously made it into the list are taken out. Identity owners can de-register or update their information...
