Preface

The essence of Decentralized-ID is in creating open standards for a privacy preserving internet-wide identity layer — not owned by any one particular organization, but interoperable between all.

It’s impossible to have a conversation about decentralized-id without discussing blockchain, self sovereign identity, standardization and frameworks, along with global privacy and digital identifiction regulations:

Cryptographers, privacy advocates and digital identity enthusiasts laid the foundation by deeply considering the privacy implications of identification practices in the electronic world.

Self Sovereign Identity principles emerged from their work, gathering momentum as the digital age began to settle in.

The European Union's GDPR enlarged the global conversation around digital privacy practices, lending much weight to the SSI credo.

The United Nations Sustainable Development Goals (SDGs) have also fueled efforts towards a global and widely accessible identity solution.

Satoshi Nakamoto released Bitcoin, proving the concept of digital scarcity in the form of a decentralized peer-to-peer (P2P) currency, inspiring leaders in every industry to integrate it's features to their business models.

At the same time, Decentralized web and P2P technologists have also lent strength to Decentralized Identity efforts.Collectively arrived at solutions are trending towards congruence with the spirit of innovation, privacy concerns, and compliance within the evolving global regulatory landscape.