HOW DECENTRALIZED IDENTITY WORKS IN HELA
In HeLa,The concept of a decentralized Identity (DID) is crucial as it empowers individuals with ownership, control, and portability of their digital identities, enabling enhanced privacy, security,and interoperability in the digital realm
KEY REQUIREMENTS IN DECENTRALIZED IDENTITY
In the current DID landscape, there is a pressing need for the following;
(1) credential service providers:The credential service providers is needed in decentralized identity to facilitate the issuance and verification of verifiable credentials (VCs)
(2) A reliable DID service provider:
It aid in offering confidential authentication mechanisms to enhance privacy and security.
(3) The development of user-friendly DID wallets:
This development of DID wallets helps in improving accessibility and ease of use for individuals, corporates and, other entities managing their DIDs and VCs.
NOTE: Hela is designed with a user-centered approach. Drawing inspiration from
well-established projects like Tendermint, Cosmos, and Oasis as implementation references, Hela differentiates itself through unique and customized designs. These include a multi-layer modular architecture with a novel asset integration layer, autonomous and controlled multi-level privacy protection, comprehensive and fine-grained digital identity management, as well as stable and affordable transaction fees
HeLa is continually bringing Web3 into real-world adoption 👌