Shytoshi Kusama Explains ‘myriad’ Of Uses For Shibarium Identity
According to pseudonymous memecoin principal creator Shytoshi Kusama, Shiba Inu’s (SHIB) future blockchain-based digital identity project will have a “myriad” of use cases that will support decentralization.
Last week, Kusama made known that she intended to include Self-Sovereign Identity (SSI) into all Shiba Inu initiatives via Shib, the ecosystem’s official Twitter account.
SSI is a blockchain-based digital identity solution that serves as a digital equivalent of a passport for establishing identity. Users have complete choice over how their digital identity is used and kept thanks to SSI.
Regarding the recent development, Kusama claims
“From enhanced business processes, to cost savings for mom-and-pop businesses struggling under the weight of inflation, to fraud prevention for governments, Shib SSI will help our community of devs achieve wonders. For instance, SHIB SSI solves the complexity of the Shib Ecosystem by allowing for granular governance at a level not before realized by a decentralized community…
By harnessing these technologies, we envision a world where identity theft is a thing of the past, where personal data leaks are unheard of, where trust is inherent and not an exception. This isn’t a mere idea but a tangible future that is no longer impossible.”
The team is getting near to deploying its eagerly anticipated layer-2 scaling solution, Shibarium, when it makes the SSI announcement. Previously, Kusama stated that it is “highly likely” that the scaling solution will be unveiled at the Blockchain Futurist Conference, which will be held in Toronto from August 13–17.
