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Everyday problems that identity verification would solve

March 21, 2024

Key takeaways

1. Humanizing the Internet: Didit's mission focuses on making online interactions safer and reducing fraud by ensuring every digital step enhances human connectivity.

2. Sovereign Digital Identity: Empowering individuals to control their data, Didit enables users to decide what information to share, ensuring a privacy-centric digital presence.

3. Economic Layer and Identity: Didit links an economic layer to individual identities, facilitating access to a global economy and traditional financial systems through secure digital verification.

4. Preventing Identity Fraud: By establishing a network of authenticated users, Didit aims to build trust online, reduce identity fraud, and restrict access to inappropriate content based on verifiable criteria.

At Didit, we are on a mission to humanize the internet. Every step we take in the development of our infrastructure is always aimed at this ultimate goal, to eliminate fraud online and make the interactions people engage in online much safer. But these are just a few of the everyday challenges people face that we aim to solve.

With our technology, we aim to address some of today's major widespread problems, such as access to a global economy or better distribution of resources. However, we truly believe that Didit can help people in their day-to-day lives. For this purpose, the test of humanity is essential.

Is it mandatory to verify our identity online?

If we desire a more human and secure internet, where fraud tends to zero, verifying our identity is necessary, albeit with nuances. We understand that power and control should be in the hands of people, under the protection of a sovereign digital identity, so that individuals can decide at all times what information they wish to share, when, and with whom. To achieve this, it is essential to verify that the person on the other side of the screen is real, there is no identity impersonation, and the individual is who they claim to be. This is the main reason why the test of humanity we referred to earlier is fundamental.

In today's internet, we also face the challenge that our identity is completely fragmented. We have user accounts, with their corresponding passwords, on countless sites, we've had to undergo an identity verification process (or KYC) on many services and we don't control our data. But this will change with Didit, because the technology serves the people, not the other way around.

An Economic Layer Linked to Identity

One of the significant challenges Didit aims to solve is allowing humanity access to a global economy. To achieve this, we have developed an economic layer that is linked to each individual's identity, accessible thanks to technologies like Didit App.

This approach genuinely allows people to access a universal, cross-border economic system where everyone has a place, regardless of income, age, or location, thanks to revolutionary blockchain technology.

A Technology Also Valid for Traditional Systems

Individuals who have passed the verification process can also benefit from the many advantages of traditional financial systems, as with Didit and its authenticated identification, they can enjoy a much more effective onboarding system.

Imagine, for example, access to a digital bank or neobank that requires remotely passing the identity verification process. With this technology, individuals can identify and authenticate themselves with a single click, making the use of this service much more user-friendly.

Keeping Your Identity Documents Safe

There are increasingly more reports of lost ID or identity documents. The process to recover them can be tedious. With Didit, your most important documentation will always be with you.

As part of the sovereign identity we mentioned earlier, along with your digital identity, you can keep all your essentials close to you, having control over them. Want to share some of your identity with a third party, whether an individual or organization? You can do so whenever you wish thanks to Didit's decentralized infrastructure.

Preventing Identity Fraud and Fostering Trustworthy Relationships Online

Identity theft, impersonation, deepfakes, AI-generated fake documentation, bots… crimes related to people's identity on the internet are on the rise, and individuals need to know that their interactions online are reliable and safe, something we currently cannot fully guarantee.

These issues, stemming from the lack of an identity layer on the internet, can be resolved with identity verification, a concept that is not at odds with privacy, as previously mentioned.

A network of authenticated individuals on the internet can reduce and prevent identity fraud and, of course, foster trustworthy relationships online. Thanks to Didit, we'll know that the person on the other side is indeed a person, not a bot or a well-trained artificial intelligence, and they are who they claim to be.

Everyone Playing by the Same Rules: Reducing Economic Fraud

AML (Anti-Money Laundering) policies are crucial to combat money laundering and terrorism financing, but also to ensure that everyone plays by the same rules.

These studies, key and common in online betting services or casinos, are conducted during the KYC process and confirm that individuals do not engage in suspicious activities related to capital laundering.

Reducing Access to Inappropriate Content

The internet aims to be a place for everyone, but there are sensitive contents that should not be accessible to just anyone online. We're talking about, for example, gambling, violent, or pornographic content, which can currently be bypassed with a simple click that supposedly verifies our age.

With Didit, this changes drastically. We firmly believe in people's privacy as a fundamental right, so it's possible to restrict access to certain content to individuals who meet specific criteria, without revealing any more of their personal information.

For instance, if someone tries to access a +18 content site and their identity is not verified, or if it is but they do not meet the age criterion, they would not be able to access the content; if they are of age, they could. But in any case, the person on the other side of the screen would not need to demonstrate more information than what is strictly required, in this case, whether they meet the stipulated age or not.

This way, the access to inappropriate content by individuals who do not have the necessary maturity would be significantly reduced.

Prove Who You Are, How, When, and Where You Want

In summary, effective identity verification helps individuals prove who they truly are in any setting. This authentication process is key for a truly sovereign identity, where individuals genuinely control their information at all times. And you, if you wish, are one step away from discovering it firsthand.

create your own digital identity with didit

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