This article was first published on IOTA Foundation Blog
We’re thrilled to announce the release of IOTA Identity Beta. This marks the framework as “feature complete” on the road to a 1.0 version. It includes several major milestones such as the upgrade to Chrysalis Phase 2, a simplified higher-level API including Stronghold support and an initial implementation of the DID Communications messages based on the Decentralized Identity Foundation (DIF) standard and Hyperledger Aries work.
This builds on the existing work that was done for the Alpha release, in which we implemented the W3C standards for Decentralized Identifiers (DID) and Verifiable Credentials. We have further refined this implementation and have submitted our DID Method to W3C to be listed as one of the DID Method specifications.
IOTA Identity Recap
IOTA Identity is a Self Sovereign Identity (SSI) framework that enables people, organizations, or machines to create and have complete control over a digital identity - without the permission of an intermediary or central party. In addition, it gives control over how personal data is shared and used.
Social media platforms like Facebook and Linkedin show us every day that online accounts are heavily reliant on user-submitted content. The information provided on these platforms are not trustworthy and can easily be faked - we want to prevent that with our digital identity solution.
This is where Verifiable Credentials (VCs) come in. These are digital statements about an identity aspect like “name”, digitally signed by another identity, that has authority on the subject. For example: My bachelor's degree is trustworthy if a university signs it, but not so much if it is signed by your mother. Such statements make data reliable and valuable. VCs allow a SSI solution to not just be more privacy friendly, but also compete with Facebook / LinkedIn profiles as they are more trustworthy and accurate.
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