What Is Decentralized Identity? | Nordic APIs | [Video]

Imagine this scenario: you recently filled out a job application online that requests your cell number for verification purposes. Next thing you know, you’re getting text messages from unsolicited recruiters. Or, even worse, imagine traveling out of the country and losing your smartphone. How are you supposed to prove your identity to international travel authorities? The answer is decentralized identity.

People are concerned about data privacy, and for good reason. 9 out of 10 American internet users agree that data privacy is important. 75% report feeling they could be vulnerable to attacks by cybercriminals. Paradoxically, only 64% use tools to protect their online privacy, while only 56% report feeling that they’re in control of their personal data.

Data privacy is just one issue settled by decentralized identity, which benefits users and API developers alike. If you’re new to the concept, we’ve put together a guide to answer the question, “What is decentralized identity?”

Decentralized identity is a form of identity managementthat gives …