Self-Sovereign Identity: Decentralized Digital Identity and Verifiable Credentials by Alex Preukschat & Drummond Reed

Author:Alex Preukschat & Drummond Reed [Preukschat, Alex & Reed, Drummond]
Language: eng
Format: epub
Tags: computers, Information Theory, Security, General, Blockchain
ISBN: 9781617296598
Google: Nh4uEAAAQBAJ
Publisher: Simon and Schuster
Published: 2021-06-08T23:39:35.921520+00:00

Digital locks are much harder to pick. The alternative to stealing a physical key is breaking the lock. For many real-world assets, like a car or a home, that is enti-rely feasible. Breaking a digital lock protected with strong encryption is nearly impossible.

The value that digital keys can unlock may be vastly greater than in the physical world. Most assets protected by a physical key—a car, a house, a bank vault—have a value proportional to the strength of the physical security provided for the asset. But with digital assets, a single key can potentially unlock billions of dollars of value in the form of cryptocurrencies, digital fiat currencies, or some other form of digital asset.

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