The new version of Didit has only been on the streets for a few hours, and its creators, the brothers Alberto and Alejandro Rosas, co-CEOs of Gamium, are excited. "Our vision for Didit is that it becomes the most complete digital identity in the market," they ambitiously point out.
This new version reaches the public with a breath of fresh air, as it will allow them to have all their essentials at their fingertips; for businesses, Didit Business comes with four revolutionary solutions that will enable them to improve all their processes and services.
Q: How has Didit changed from its launch to the present day?
A: Didit version 1 was a basic version to demonstrate the concept of digital identity interoperability. In this version, we had an interoperable authentication system, so any platform or service could integrate this universal login into their platform, and a person could register with their identity. We also had data infrastructure, so you could store your data in your digital identity and then transfer it to any platform that integrates Didit. That was v1, innovative, interoperable, and very complex technology. But our vision for Didit is that it becomes the most complete digital identity in the market; we worked a lot thinking about the future, collecting feedback, and what we have incorporated in this new version is, within the authentication system, more methods, such as social login or email. This achieves a better user experience and allows people to manage their digital identity better with more familiar Web2 methods. Another novelty we have added is identity verification: in Didit, you have a verification system, the most secure in the market, with which you can verify who you are on any platform that integrates us. And another thing that we will launch with the new version are the Non-Custodial Wallets. What does this mean? Within your digital identity, you will have a wallet with which you can interact with any blockchain system. In summary, it is something very powerful, which gives a lot of strength to what we have always wanted to do, which is the most complete digital identity in the market and that the internet becomes a playground for people, who decide on which platform they will log in with their identity, what data they want to pass and to which platform, how they verify themselves, and how they pay. In the end, all this is done through digital identity, and with Didit 2.0, we are much closer to being able to do everything through the internet using your digital identity.
Q: What new features can we find in this version that substantially improve the user experience?
A: One of the things we have done to improve the user experience is to increase accessibility for creating your digital identity. We have social login and email; these are Web2 systems, and people are very familiar with them. Another thing we have done is in the Payments section: we do not use what other platforms use at the level of Non-Custodial Wallets, which is having a private key, which if lost, means the funds associated are lost... We have made a more secure system, with a recovery mechanism included, whereby a user can have a digital wallet without even knowing what a seed phrase or a private key is. And all this, in a non-custodial way and with the highest standards of privacy and security. We believe these improvements, added to other internal improvements to the platform for adding data, etc., will allow anyone who creates and uses a digital identity with this platform to have a spectacular user experience.
Q: How does Didit address privacy and security concerns in this new version?
A: We use the highest security standards in each of the solutions we offer. For example, in authentication, we use JWT tokens signed directly with our server, and this signature is made in an MPC system. In terms of data, we count on the maximum encryption of the data and its storage; then, in the layer of authorization and sharing, we also have the highest levels. In terms of wallets, I think we are innovating a lot in security and public management. The user's wallet is a smart contract, everything is current that there has been now of smart accounts or account abstraction that has come to Ethereum, we implement it. This allows for security even within the blockchain. For example, you can only make a transaction if you have an active 2FA... We use the highest security in all the solutions. We are always up-to-date with the best practices, we even hire people to try to penetrate our systems and try to hack us, with bounties and so on, and in terms of security, we are placing a lot of emphasis. In the end, each of the solutions requires certain levels that are State-of-the-art, which follow the highest levels in the market, and we implement them all.
Q: Regarding Didit for Business, what specific needs does this launch seek to address?
A: Didit for Business is how we get any type of organization to use the powerful infrastructure we have built within Didit to improve their products or services. If you have users, verify identities or payments, the most likely is that by integrating our solutions, you will end up gaining an advantage and improving your service, whether because it increases revenue, reduces costs, improves user experience, or becomes more compliant. What we have done is set up this infrastructure, so that not only is it easy to use as a user, but also to integrate as a business, and you can easily integrate it. We have segmented into four solutions; Authentication, which is when you want digital identities to register or log in to a service; then we have the Data part, which allows digital identities to send data to the platform or service for use, for example, to offer a better and personalized user experience; another part is Identity Verification, which allows us to know who the user registering is, and this is especially useful for companies or organizations that need to verify their users' information. Usually, they are fintech, or companies with a certain risk of impersonation or fraud. The last part is Payments, which allows optimizing payments on my platform or service; enabling blockchain payments, P2P... For example, you can facilitate that two people, within a platform, make payments to each other. Let's imagine that Instagram integrates our Payments solution, so through direct message, two people could send money to each other. That is one of the possibilities that this Didit infrastructure allows and that a company can easily integrate it into its platform and improve its product or service. So far, we couldn't be more satisfied with the excellent reception it has had with the different organizations we are working with.
Q: What types of companies can benefit from these new features?
A: Not only for companies, but also for organizations or public bodies. The solutions of Didit for Business are valid for SMEs or large multinationals. Any type of entity that has to manage users, handle payments, can integrate us. We just designed it based on the idea that everyone, any entity, allows onboarding or managing digital identities within their platform. And we have achieved that.
Q: What functionality becomes most relevant in Didit? What is the strongest point of this v2?
A: From the people's point of view, it's the importance we give to the IDs. That you can easily verify your identity and prove who you are in any service, having your identity verified with your cards, that you can always have access to them always verifying who you are. Perhaps this is the most important part of this version, because we see an upward trend of growth in fraud on the internet, especially with the issue of bots, impersonation, etc. And now with generative AI, it will be more difficult to verify who you are. That's why I think that, in particular, having your IDs linked to your digital identity and being able to verify yourself is going to be very important in the coming years. If we look at it from an abstract point of view, both for people and for companies, we focus on the changes we see in the world in the coming years. We are not only talking at a technological level, but also regulatory. Technologically, artificial intelligence is gaining a lot of strength as we are seeing, which means that fraud increases, making it more complicated to prove who we are. Therefore, we need very, very secure verification systems and be able to prove who we are and log in easily on any platform. Then we see very strong regulatory changes, such as the arrival of MiCA, with which digital asset service providers will have to comply with a series of obligations. Our B2B product solves big headaches for these platforms, so we are very MiCA-Compliant, so to speak. Then we see how in Europe eIDAS 2.0 or the digital Euro is coming; and our platform is prepared for all these regulatory changes that are coming. Our product development is very focused, and the features that we define with Didit demonstrate it, on the future we see.
Q: Some members of the community have also sent us some questions: What has been the biggest challenge or difficulty in developing this v2?
A: The most complex thing is deciding what you are going to develop and why. Bringing together all the pieces of the puzzle from Sales, Marketing, Technology... all parts, and answering that question. Once you know it, and technically you know how to do it, it's just execution. But the process of brainstorming, feedback, and seeing what you want to develop, is one of the most complicated at the product level.
Q: Do you think that between v1 and v2 we will see the biggest "leap" for Didit, or will there be future versions with a greater differential impact (for example from v2 to v3)?
A: We believe that each version jump should have a substantial change. From v1 to v2, we have seen an exponential change, from v2 to v3 we have many very important features in mind, and we are already working on some, such as on-chain identity systems, how we allow adding an authorization layer so that you have Didit's digital identity on blockchains... Each change is going to have significant changes. We are quick in developing, receiving feedback, and our idea is to improve the product as quickly as possible.
Q: How do you ensure that it complies with relevant regulations and standards?
A: Mainly, we work with lawyers and very good law firms that help us make what we develop compliant with all the regulations that are coming out. That's the key.
Q: Will it be possible to link more than one wallet to a didit account?
A: The idea is that yes, it is something that we do not have in v2 right now, but we will end up developing it so that the user can add the digital wallets they want.