Although some people in life do an extremely convincing job of indicating otherwise, all humans have an identity. This identity comes in many forms, and as modern life has progressed, the ways in which people can identify have multiplied. Technology has now made it easier for people to explore and share their identities.
In other words, blockchain-based identity systems are simply providing a platform to issue, exchange and verify digital identities. There is still a role for governments of sovereign state and other private organizations that issue verified identities today to issue those credentials in the digital world.”
The growth of companies such as Nuggets, along with the examples of the governments of Catalonia and Estonia at a national level, has shown that there are ample use cases for blockchain ID. Ali explained to Cointelegraph that he expects significant growth in both the public and private sectors:
“In the short run, we expect many more organizations to start investigating and deploying decentralized identity systems for their own internal use-cases. In the long run, we are seeing a lot of interest from the public sector in developing national digital identity infrastructure and potentially deploying it on a blockchain network.”