Ethereum is enabling a new paradigm of digital identity by powering decentralized identity (DID) systems that put individuals at the center of data control. By leveraging blockchain-based verifiable credentials, users can prove attributes and access services without exposing unnecessary personal information, reducing reliance on centralized identity providers.
As more users adopt Ethereum-backed DID solutions, the landscape could shift for businesses relying on traditional identity verification and data brokerage. The technology promises enhanced privacy and portability, but it also raises questions about interoperability, governance, and regulatory clarity as the ecosystem scales.
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