Cyril - DeFi
Cyril - DeFi

@cyrilXBT

12 Tweets Dec 23, 2022
IOTA Foundation and walt .id is developing a privacy-preserving, SSI-based login system allowing traditional (Web2) and decentralized (Web3) apps to easily onboard users.
Here's How they plan on going about it ↓
#Iota #shimmer #Miota
The IOTA Foundation is developing a privacy-preserving login system based on self-sovereign identity (SSI) called Login With IOTA.
This allows traditional (Web2) and decentralized (Web3) apps to easily onboard users.
In this system, users remain in full control of their data and will be able to securely share information at their discretion.
gotta love web 3 isn't it?
Walt .id is a provider of identity, NFT, and wallet infrastructure for developers and enterprises, offering expertise and providing services from conception, implementation, and support for managed cloud services.
The company’s products are all open-source and are used by governments, public authorities, enterprises, and decentralized autonomous organizations to build applications and use cases for Web3 identity, NFTs and wallets quickly and without much complexity.
What is Login With IOTA?
Login With #IOTA allows websites and applications to onboard users while respecting the user’s privacy, reducing friction, and offering enhanced security.
The system will be interoperable with existing standards like OpenID Connect (OIDC), which is used by over 50,000 websites with more than one billion accounts.
These existing accounts are unfortunately mostly centralized around big tech providers, whose commercialization of data has been detrimental to the privacy of users.
Project goals:
The main goal of Login With IOTA is to develop a login system that can utilize cutting-edge digital identity approaches like decentralized SSI
and bridge the gap between these approaches and today's identity infrastructure for single sign-on (SSO).
How does it work?
walt .id will allow you to selectively share personal data like your email address and any other information you would normally have to repeatedly provide, such as your address, phone number, date of birth, and more.
To keep up with #Iota's development I suggest you follow :
@DomSchiener
@navinram999
@iota
@DomSchiener @navinram999 @iota Alright, that's a wrap for #Iota
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