Re:Decentralized Identifiers (DIDs) v1.0 (W3C draft)
by infominer on Saturday June 26, 2021 @02:00PM
(#27644240)
DIDs make use of public key encryption, which does not require storing private data on a public chain to be useful. All that's needed is a public key directory for public entities, everything else can be verified based on said pubkey of those entities who issue credentials
a new identifier (pubkey) can be created for each organization you engage with
OPs argument seems based on imagination has nothing to do with how DIDs are meant to work
Functionally, how different would this be from the status quo? Between the FAANGs basically already having near-universal identifiers for all of us and everyone's information being leaked in a variety of breaches to where it's essentially public knowledge to any black hats or state actors I'm not sure how down the downsides are?