3 ms·
You are right - current notary system may not be optimal for this use case. What I meant to say was that in my understanding, my main issue with 3rd parties suc
by fillskills 4y ago
You are right - current notary system may not be optimal for this use case. What I meant to say was that in my understanding, my main issue with 3rd parties such as OnFido etc is my lack in trusting them with my information and secondly storing that info in a central repository. If a bad entity gets access to that database, they now have very detailed information about me.
I would rather prefer a decentralized & secure way that can be accesses via an API by companies such as privacy.com etc. The distributed piece is solved by Notaries. Could we learn something from how the notary system works that can be leveraged to build out a modern distributed ID verification system.