The protocol has many use cases, such as smart cities and the machine-to-machine economy. Another field of application for which IOTA is predestined is digital identities.
IOTA has published a Whitepaper on the “Unified Identity Protocol” today. The protocol is a digital identity implementation based on the Tangle. It is intended to form the basis for trustworthy interactions and enable an Economy of Things. The Whitepaper “The Case for a Unified Identity” presents the vision of the Digital Identity Protocol and explains that it is supposed to bridge the gap between the physical and the virtual world when identifying on the Internet.IOTA states in the Whitepaper that there is currently a lack of trust and privacy in online interactions. In the current system, large corporations such as Google or Facebook offer an assessment of identity. This entails two major disadvantages.
Author :Jake Simmons