Recent developments suggest a surge in the adoption and innovation of digital identity solutions within the cryptocurrency sector. Major strides are happening in the sector with crypto platforms like Coinstats partnering with SPACE ID as Web3 Domain Name Usage Rises manifold. Worldcoin has announced a new biometric identification strategy aiming to innovate the use of identity in the financial sector. Meanwhile, MicroStrategy is actively laying out plans for a decentralized ID platform on Bitcoin, known as MicroStrategy Orange.
Thanks to the power of blockchain, Buenos Aires has recently rolled out a new blockchain-based ID for 3.6 million residents, while Malaysia is teaming with Worldcoin to enhance its digital ID verification. A new trend is also emerging as other countries see huge potential in blockchain identity solutions, with Austria and Europe at large implementing Worldcoin's digital ID.
Other significant developments include the expansion of World ID to Solana via Wormhole, and Worldcoin's rebranding as 'World' signaling a new phase of expansion and innovation. The project is set to enhance personal control over data, by introducing the capability to unverify World ID.
ID Coin News Analytics from Thu, 15 Dec 2022 13:40:00 GMT to Wed, 08 Jan 2025 14:51:54 GMT - Rating 5 - Innovation 7 - Information 8 - Rumor -2