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Blockchain’s ready to dominate digital ID

Blockchain’s ready to dominate digital ID

Blockchain-based financial services are poised to take major steps forward, as an open, universal standard for digital identity and measuring reputations or creditworthiness . While adoption of decentralized finance (DeFi) is increasing, it is still mostly limited to speculators and crypto-enthusiasts. The primary reason for this is that most systems today fail to integrate user identity and reputation.