Digital identity – Assessing Web3’s identity building blocks
www.jpmorgan.com/onyx/documents/Digital-identity-assessing-web3s-building-blocks.pdf
What Jamie wrote
Good overview of various components for identity using crypto tech. I find it kind of silly that they enumerate identifiers other than ENS. The web3 ecosystem should follow the lead of Ethereum Name Service and build on that, not compete. Also love the callout to POAPs.
The article correctly highlights the importance of the wallet experience.
Each of the digital identity building blocks discussed above has its individual strengths and challenges. There is no one-size-fits-all. Instead, these building blocks work best in conjunction with one another to form a holistic identity. However, a common enabler for all four building blocks is the digital identity wallet. These wallets are the ‘portal’ where one can link their ENS to their public address, hold their digital collectibles, and view their POAPs, SBTs and VCs.
Some digital identity wallets also enable the creation and registration of one’s DID, enabling users to also claim and share their VCs from their wallet. Wallets are the access point that enable users to start building their digital identity. In order to gain scale and adoption, it is critical that digital identity wallets are easy to use and have low barriers to entry.
This is where the most work is needed in my opinion. The wallet UX is still a mess, and very difficult for non-technical users.