Are Decentralized Digital Identities the Future of Online Trust? | HackerNoon
Briefly

Identity theft has profoundly affected countless individuals in the U.S., draining significant resources and disrupting lives, while also shaking trust in digital systems.
The staggering average cost of a data breach in 2024 reached $4.88 million, highlighting the severe impact on businesses due to centralized identity systems.
Decentralized Digital Identities (DDIs), powered by blockchain technology, empower individuals by allowing them to control their own data and choose who can access it.
The consequences of identity theft are deeply personal, involving financial ruin, reputational harm, and a significant loss of time spent in recovery.
Read at Hackernoon
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