August 16, 2018 408By Adrian Barkley
“Every time you want to prove who you are with your SSN, you need to give away a copy of it. That copy has exactly the same power as the original, so when there’s a data breach with copies of your data it puts your identity at risk. A decentralized identity will let you prove that you own an identity, or that you have a relationship with the Social Security Administration, without making a copy of that identity. If you stretch your imagination a little further, you can imagine this applying to your photos, social media posts and maybe one day your passport too.”See more for yourself, here. This is a part of a long term plan for Coinbase, one that is sure to help bolster their attractiveness to institutional investors and of course, one that promises to improve the experience of all of Coinbases customers.