IOTA Foundation announced a new tool in the IOTA blockchain called identity. The new product has now been released in beta. The current version contains all the functions planned for the IOTA identity.
The developer community has added major upgrades to the product to prepare it for version 1.0. The latest solution from IOTA developers offers services for the decentralized management and control of digital identity. The use and sharing of data in the new IOTA identity is based on blockchain solutions.
Comprehensive solution for digital identity management
Digital identity is one of the most conservative concepts in the technology world. Many users have criticized the way that large tech companies use their identity. In order to protect this form of identity and make it the only identity solution, innovative tools and functions are also required.
Blockchain projects have worked a lot on the concept and offer solutions that will help both end users and organizations. The IOTA community has been working on a solution called IOTA Identity. The latest beta version of this product is now ready and has full functionality. Version 1.0 will therefore be released soon.
According to IOTA, significant functional enhancements have been made in the Identity Framework. According to the announcement::
“It contains several important milestones like the upgrade to Chrysalis Phase 2, a simplified high-level API with Stronghold support, and an initial implementation of DID communication messages based on the Decentralized Identity Foundation (DIF) standard and the work of Hyperledger Aries. “
The development phase of the previous version of the Identity Framework focused on implementing W3C standards for decentralized identifiers (DID) and verifiable credentials. These functions will also be updated in the beta version.
IOTA Identity focuses on creating and having complete control over digital identity. This can be the identity of a person, an organization or even a machine. The framework aims to eliminate the need for intermediaries in identity management. One of the key concepts of this solution is to focus on the identity of smart devices. Since IOTA is basically a blockchain for IoT devices, the solution helps these products connect and communicate with more secure digital credentials. This leads to more trust and easier data exchange in IoT networks.
IOTA Identity Beta has an important feature called Identity Account. It’s a high-level API for using IOTA Identity. In simple terms, Account provides a simple user interface for using the digital identity management system.
According to the IOTA Foundation, IOTA Identity 1.0 will be published soon. But development will not end here. Features like privacy enhancements and identity agents are planned for development in the framework.
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