Web3 identity solutions center around user-centric ownership models. They also prioritize portability, with solutions promising a foundational identity layer that enables inherent information transferability, rather than retroactively fitted portability solutions as in web2.

Web2 identity solutions are centralised. You give your identity data to third party providers. As a result, there is a security and privacy risk. With Web3, you would be the single owner of your identity data. Your credentials would be stored on-chain and validated once by credential verifiers. Third party services which want to verify your identit... See more