$XRP Ripple-News: XRP Ledger Introduces New Identity Tools with DIDs and XLS Specifications

With the XLS-70d specification, permissions can be managed on the chain, making KYC checks and licenses verifiable on the XRP Ledger.

The XLS-80d and XLS-81d specifications introduce approved domains for regulated access and a regulation-compliant decentralized exchange.

Ripple's XRP Ledger (XRPL) is taking the next step towards greater security and regulation by introducing DIDs and presenting three new proposed specifications. All of this aims to increase acceptance among institutions. With these developments, tools for the secure verification of digital identities and controlled environments for transactions are being introduced.

DIDs represent a radical innovation in the management of digital identities, as they place control in the hands of individuals and institutions. Traditionally, digital identities are issued and managed by central authorities such as governments or social platforms. However, the beauty of DIDs is that they allow users to fully manage their identities without the need for an intermediary, thereby enhancing privacy and ownership – CNF reports.

Source: https://www.crypto-news-flash.com/de/ripple-news-xrp-ledger-stellt-neue-identitaetstools-mit-dids-und-xls-spezifikationen-vor/