The Must-know Blockchain Use Cases Ep.07_All about Decentralized Identity
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 Published On Mar 18, 2024

The “Must-know blockchain use case” series of webinars is co-hosted by Thoughtworks and BSN. We invite various front-line blockchain experts to share their insights and hope to bring different experiences to the public and enterprises to further understand the application of blockchain.

Topic: All about Decentralized Identity

Background:
In today's digital age, identity is crucial for online banking, streaming services, and workplace apps. Decentralized identity empowers individuals by giving them control over their digital IDs. This means replacing traditional identifiers such as usernames with self-owned and independent IDs. However, delivering on this promise is easier said than done.

In this episode, we will unpack decentralized identity, explore potential technologies to deliver it and address the challenges that need overcoming.

Panelists:
- Yifan He, CEO of Red Date Technology
- Qian Yan, Technical Director, Thoughtworks Hong Kong
- David Creer, Global DLT, Crypto and E-Money Lead at GFT Group
Moderator:
Tim Bailey, Vice President of Global Sales at Red Date Technology

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▬▬▬▬ Contents of this video ▬▬▬▬▬▬▬▬

0:00 - Intro

3:21 - What specific role did World ID play in making it happen? What are the differences between World ID and traditional identity verification methods regarding security and privacy?

11:37 - Can Worldcoin achieve global mass adoption by implementing these two applications as planned? What challenges do they need to overcome?

16:28 - Introduction to the BSN RealDID project, its use cases, and actual implementation.

30:22 - For investors and businesses, what potential opportunities and risks
could arise from engaging with or implementing the decentralized identity?

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