Ontology has announced that its “Decentralized Identifier (DID) has been formally added to the W3C-CCG DID Method Registry as a new Decentralized Identifier Method,” in a post on August 22nd.
The World Wide Web Consortium (W3C), an organization that establishes standards for the World Wide Web such as HTML, CSS and other web languages, describes Decentralized Identifiers (DIDs) with the following in a draft report on the subject:
“Decentralized Identifiers (DIDs) are a new type of identifier for verifiable, “self-sovereign” digital identity. DIDs are fully under the control of the DID subject, independent from any centralized registry, identity provider, or certificate authority. DIDs are URLs that relate a DID subject to means for trustable interactions with that subject. DIDs resolve to DID Documents — simple documents that describe how to use that specific DID.”
In the update released by Ontology, the below table was included that describes the specifications that are currently in development that correspond to a particular DID. The table includes columns for Method (DID) name: (did:ont:); as well as columns for status, network, authors, and links that currently directs to a given page on Ontology’s Github repository.
Notably, Ontology claims that it has become the “third open-source public chain to implement the DID specification, after Bitcoin and Ethereum.
You can read more about Ontology’s DID system here.
More information on Ontology can be found at the links below.
About The Author: Matthew North
Matthew North is a freelance writer and journalist who resides in East Asia. He spends his time writing and learning about financial technologies like the Blockchain and digital currencies. You can follow him on twitter @fintech_matthew.
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