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Decentralized Finance
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Decentralized identifiers for DeFi? Definitively. Hackernoon
DIDs from a DeFi user VCs can be placed, anchored, indexed, and associated on the LTO chain. LTO Network solution is GDPR compliant and goes hand in hand with ISO/TC307 - BLOCKCHAIN AND DISTRIBUTED LEDGER TECHNOLOGIES . LTO Network approach uses Chainlink oracles for reaching the cross-chain operability and the Dutch company Sphereon for wallet integration.
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Decentralized Finance & Self-sovereign Identity: A tale of decentralization, a new paradigm of trust
We are aware that DeFi’s growth is explosive and inevitable yet its growth needs to be sustainable and responsible. This can be done with SSI.
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Torus: DKMS and Login for Web3
leveraging OAuth2 and WebAuthN to bring improved log-in and recovery for blockchain\DeFi applications.
More on the company who wants to bring SSI (and DeFi) to independent artists.
we’ve helped more than 250,000 artists get their music out to the world independently.
Our business has expanded from distribution to providing record label, publishing and management services. Every move we’ve made has been based on our mission to help artists take control of their own music careers. That’s why I’m so excited about our latest product Opulous, which we’re developing with Algorand. It’s our first step into the world of DeFi.
Decentralized Identity & DeFi are Disconnected ← trueDecentralized Identity is Chain-Adjacent ← true Decentralized Identity & DeFi are Complimentary ← true How Decentralized Identity is Being Used
- Health Data Passes
- Employment Information
- Credit, Income, KYC
- Circle and Industry Leaders Have Built the First Decentralized Identity Proof-of-Concept for Crypto Finance using Verite Credentials Circle
Circle joined other crypto and blockchain companies in February 2022 to introduce Verite as a open-source framework for decentralized identity credential issuance, custody and verification. Verite is designed to help make it safer, easier and more efficient to do business across the transformative worlds of DeFi and Web3 commerce.
- DeFi regulation must not kill the values behind decentralization Cointelegraph
Financial Action Task Force (FATF) recently proposed guidelines making it clear that “The owner/operator(s) of the DApp likely fall under the definition of a VASP [virtual asset service provider] [...] even if other parties play a role in the service or portions of the process are automated.
- InsideTheSimulation.eth @InsideTheSim Jul 28
Proposal: it’s not Web3 — it’s DeWeb (a la DeFi) as we undo all the mistakes around centralized ownership of the web 2 era. Opinions?
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[…] Bonus points — “de-web” sounds like “untangling a clusterfuck” which is exactly what it is.
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[...] DeWeb is: - Self-sovereign identity with portable accounts and easy sign-on (such as sign-in with Ethereum). - Custody of your own data and the ability to revoke access to it by 3rd parties. - Permission-less commerce rails. - Permission-less domains (ENS) - more?
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JPMorgan Wants to Bring Trillions of Dollars of Tokenized Assets to DeFi Coindesk
“We want to use verifiable credentials as a way of identifying and proving identity, which is different from the current Aave model, for instance,” Lobban said. “Verifiable credentials are interesting because they can introduce the scale that you need to provide access to these pools without necessarily having to maintain a white list of addresses. Since verifiable credentials are not held on-chain, you don’t have the same overhead involved with writing this kind of information to blockchain, paying for gas fees, etc.”