Part-2: Reinventing Trust.
12 Jun 2023, 21:07
Part-2: Reinventing Trust š
Continuing from where we left off in part-1, Shyft Network takes Bitcoin's trustless concept further by offering a decentralized way of verifying credentials.
And there are several players in Shyft ecosystem. Let's meet them. šš¤ #DiscoverShyft
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These are individuals like you and me.
We can prove our identity to Trust Anchors, who can then validate our data. šļøš
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Trusted entities who collect and verify our data, keeping it off-chain.
They can share our validated data with third parties only with our permission. šļøš #TrustinShyft
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Data consumers are entities that use our trusted data to provide various services.
Whereas validators keep the system in check by validating transactions and adding them to the #blockchain. šā
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All these elements working together ensure that our digital identities are securely verified and our data privacy is maintained, much like how Veriscope operates. š”ļø
However, Shyft Network is more than just managing identities.
Shyft is about providing a reliable, flexible, and adaptable platform for various use cases, which we will discuss in part 3.
Stay tuned! š