DSC Weekly 09 August 2022 – Decentralized Identifiers (DiDs) becomes a W3C Recommendation
One of the challenges that decentralized finance (and the web in general) faces is the need to uniquely identify a person, an organization, or a product. This, in general, is difficult because open identifiers are easily spoofed. Blockchain largely intended to combat this by creating self-sovereignty through a distributed algorithm that verified transactions were recorded and captured in multiple places.