2. Digital Identity on the Blockchain
How do you interact with the Internet today?
Think about all the different accounts you have across the Internet. Most sites require an account to interact with their content, even if you never plan to use it again. Then you get continuously spammed with emails about their promotions and offers.
What if there was a way to have one account across the entirety of the Internet?
Blockchain operates in this exact manner, where a user can have one digital identity across a whole suite of applications. These identities are generally presented as wallets that have the capability to store digital assets. You can use one account as a universal key that lets you sign on to any application, similar to how many sites today allow you to ‘Sign in with Google’. The major difference between a digital address on the blockchain and a Google account though is that wallets do not require any personal information, can be created by anyone, and most importantly:
Digital wallets on the blockchain guarantee fully independent ownership of all your assets.