decentralized-id.github.io/unsorted/web3-and-decentralized-identity/defi.md
2023-06-09 14:11:15 +05:30

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Decentralized Finance

More on the company who wants to bring SSI (and DeFi) to independent artists.

weve 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 weve made has been based on our mission to help artists take control of their own music careers. Thats why Im so excited about our latest product Opulous, which were developing with Algorand. Its 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

Proposal: its not Web3 — its DeWeb (a la DeFi) as we undo all the mistakes around centralized ownership of the web 2 era. Opinions?

  • [] Bonus points — “de-web” sounds like “untangling a clusterfuck” which is exactly what it is.

  • [...] 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?

  • JPMorgan Wants to Bring Trillions of Dollars of Tokenized Assets to DeFi Coindesk 2022-06-11

“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 dont have the same overhead involved with writing this kind of information to blockchain, paying for gas fees, etc.”