{"id":16257,"date":"2022-02-24T16:21:06","date_gmt":"2022-02-24T16:21:06","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/24\/what-ceos-need-to-know-about-self-sovereign-identity-and-defi\/"},"modified":"2022-02-24T16:21:06","modified_gmt":"2022-02-24T16:21:06","slug":"what-ceos-need-to-know-about-self-sovereign-identity-and-defi","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/24\/what-ceos-need-to-know-about-self-sovereign-identity-and-defi\/","title":{"rendered":"What CEOS Need to Know About Self-Sovereign Identity and DeFi"},"content":{"rendered":"<p> <a href=\"https:\/\/go.fiverr.com\/visit\/?bta=1052423&nci=17043\" Target=\"_Top\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/fiverr.ck-cdn.com\/tn\/serve\/?cid=40081059\"  width=\"601\" height=\"201\"><\/a>\n<\/p>\n<div>\n<p><span style=\"font-weight: 400;\">In this episode of \u00a0<a href=\"https:\/\/youtu.be\/0Kob3qaOy3Q\">How to CEO<\/a>, we interviewed Vadim Slavin from GlobaliD. As the world shifts to the Web 3 phenomenon, identity is a crucial factor that needs to be addressed. Unfortunately, time and again, we have seen how our data might be handled and accessed by unwanted entities.\u00a0<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"What CEOS need to know about self sovereign identity and DeFi\" width=\"720\" height=\"405\" data-lazy=\"true\" data-src=\"https:\/\/www.youtube.com\/embed\/0Kob3qaOy3Q?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">GlobaliD is an identity management platform for self-sovereign identity. They aim to build a place where people can carry out their identity tasks daily, without any hassles. Vadim himself managed the product delivery team and the credential platform.\u00a0<\/span><\/p>\n<h3>Let\u2019s Understand Web3<\/h3>\n<p><span style=\"font-weight: 400;\">To understand Web 3, we must first understand what Web 3 is. As Vadim says, \u201cWhat is Web 3? Well, for that, you have to answer what is Web 1 and Web 2\u2026.\u201d So, let\u2019s figure out what it\u2019s all about.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As many might remember, Web 1 was the very first iteration of the world wide web, and it was solely about static bulletin boards and someone else controlling the information we saw. During the days of Web 1, our digital identity pretty much did not exist. However, things changed with Web 2.\u00a0<\/span><\/p>\n<h2>Know About Self-Sovereign Identity<\/h2>\n<p><span style=\"font-weight: 400;\">As Vadim explained further: \u201cWeb 2 was about interactivity\u201d just like he said, Web 2 was the era of Facebook, Craigslist, and more. Our identities in Web 2 are handled by these companies, where we log in and create our digital footprints. We get no choice over how our data is controlled, nor do we get a say in what happens to it.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, what\u2019s next? Web 3 control into the hands of users, without a service provider or a company to answer to. With Web 3, we can purchase content and own it while also proving that we own it, all independently.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\"><strong>When it comes to identity, Vadim explains that Web 3 makes us own our identities.<\/strong> <\/span><\/h3>\n<p><span style=\"font-weight: 400;\">For the first time ever, we get to have a say in how and where our data is used. Data information about us as individuals, but we also control the content we produce. As Vadim says,\u201d you no longer have to trust anyone to manage your identity.\u201d <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Decentralized finance (<\/span><b>DeFi<\/b><span style=\"font-weight: 400;\">) is financial technology based on secure distributed ledgers which we can own.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Vadim explains that today, proving your identity online or at a grocery store can be a tiring and burdensome experience, along with being insecure. This is where self-sovereign identity comes in. A self-sovereign identity system that is portable and can go anywhere with us. It is owned by us \u2014 not anyone else.\u00a0<\/span><\/p>\n<h3>Third-party verification providers<\/h3>\n<p><span style=\"font-weight: 400;\">We can get authorized using third-party verification providers. This can all be done without us having to share any private information at all, thus making it significantly more secure. Moreover, we have complete control and a say over our identity and no other body, company, or organization.\u00a0<\/span><\/p>\n<h3>Where are the business opportunities with DeFi?<\/h3>\n<p><span style=\"font-weight: 400;\">When asked about business opportunities, Vadim suggested that the best way to stay in the game is to adopt. According to him, there is no major player in Web 3 that controls the trends, so the best thing you can do is stay up to date and adapt to trends. Not only does staying updated with trends help us with business \u2014 but it also helps us stay safe and secure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Vadim\u2019s handle is \u201c<\/span><span style=\"font-weight: 400;\">VS<\/span><span style=\"font-weight: 400;\">,\u201d and he explains it\u2019s just like the early days of Twitter, picking a username, and the quicker we get, the better options we have for a handle of our choice. <\/span><\/p>\n<p><em><strong>Image Credit: Provided by the Author; Thank you!<\/strong><\/em><\/p>\n<div class=\"about-author\">\n<div class=\"author-info\">\n<div class=\"author-avatar col-md-2\">\n<img decoding=\"async\" alt=\"\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/secure.gravatar.com\/avatar\/d1aaeaf9145726558cb1999a3a71c687?s=125&amp;d=mm&amp;r=g\" data-srcset=\"https:\/\/secure.gravatar.com\/avatar\/d1aaeaf9145726558cb1999a3a71c687?s=250&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-125 photo\" height=\"125\" width=\"125\" loading=\"lazy\"\/><\/div>\n<div class=\"author-description col-md-10\">\n<h3 class=\"author-title\"><a href=\"https:\/\/readwrite.com\/author\/murray-newlands\/\">Murray Newlands<\/a><\/h3>\n<h5 class=\"author-role\">\n<\/h5>\n<p class=\"author-bio\">\nMurray Newlands is an entrepreneur, investor, business advisor and speaker. He is the founder of the How to CEO podcast and you can read his blog at MurrayNewlands.com. <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<iframe data-lazy=\"true\" data-src=\"https:\/\/www.fiverr.com\/gig_widgets?id=U2FsdGVkX18x7XQvttUTrv1oEqmGNGTgvvCUiUoJ\/AP4z\/UyMz8lXGOLpu15jIMxBbTR0gmD5uBoFvhC4KWeALQRp3h\/X\/AwcVD0K8Wj9H\/ZzYKzcCNHosB9oS4SCJJFWiN85P9ICAc4OgCoE\/wHKIY7CDkf2\/DQ1vqGvk4smVe5cRDEmrLPCWi4FC8p40VUhSmWQ5udCm0zoJtorgWv3vbDQw0kKYkwn39ozAnQXDe+YvWMxkLFWA+O3TFwkJvdkIK+\/AUSnRssPKt5WHY0FhNOxnSPcLslEL4G4\/RfP95ve99U+kRnDy3X+KtzdQLY+u935ghON\/o3UE4IMv9oN6JX9RnxzL\/LRcOgnHigxStSGPKsZYtnz8RWNVT\/rOLAibqiWJadC5MYHRbekF3eg6FOGrQGkXYbsn0+a5aovnlLCbLwIqY9fcS17UX8J235iQ6cdmHNbrPeS84CMm34RA==&affiliate_id=1052423&strip_google_tagmanager=true\" loading=\"lazy\" data-with-title=\"true\" class=\"fiverr_nga_frame\" frameborder=\"0\" height=\"350\" width=\"100%\" referrerpolicy=\"no-referrer-when-downgrade\" data-mode=\"random_gigs\" onload=\" var frame = this; var script = document.createElement('script'); script.addEventListener('load', function() { window.FW_SDK.register(frame); }); script.setAttribute('src', 'https:\/\/www.fiverr.com\/gig_widgets\/sdk'); document.body.appendChild(script); \" ><\/iframe>\n<br \/><a href=\"https:\/\/readwrite.com\/know-about-self-sovereign-identity-and-defi\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this episode of \u00a0How to CEO, we interviewed Vadim Slavin from GlobaliD. As the world shifts to the Web 3 phenomenon, identity is a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":16258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-16257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-universe"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What CEOS Need to Know About Self-Sovereign Identity and DeFi - mailinvest.blog<\/title>\n<meta name=\"description\" content=\"Technology is forever changing, and there are always new pieces of technology to replace obsolete ones. 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