Core Features of Yggdrasil’s Decentralized Identity

1. Self-Sovereign Identity (SSI)

• Users own and control their digital identity without third-party intermediaries.

• Eliminates reliance on centralized identity providers (e.g., Facebook, Google, or government databases).

• Provides portable identity credentials that can be used across various applications.

2. Blockchain-Powered Security

• Identities are anchored to the Yggdrasil blockchain, ensuring immutability and transparency.

• Uses cryptographic verification for authentication, removing the risk of identity theft or fraud.

• Prevents unauthorized modifications by securing identities with decentralized identifiers (DIDs).

3. Verifiable Credentials (VCs)

• Digital identity is attested by trusted entities (e.g., universities, employers, banks).

• Users can selectively disclose information, sharing only necessary data without exposing their entire identity.

• Identity verification occurs without revealing personal data, maintaining user privacy.

4. Interoperability & Cross-Chain Support

• YggDID is compatible with Ethereum, Bitcoin, NEO, and other blockchains.

• Supports Web3 applications, decentralized finance (DeFi), IoT, and metaverse identities.

• Works with existing identity standards, including W3C DID and Verifiable Credentials.

5. Privacy-Enhancing Mechanisms

• Zero-Knowledge Proofs (ZKPs): Users can prove identity attributes (e.g., age verification) without revealing exact details.

• Selective Disclosure: Users decide what information to share with services or platforms.

• GDPR Compliance: Allows users to request identity deletion or modification.

6. Decentralized Authentication & Access Control

• Replaces traditional password-based authentication with blockchain-backed private keys.

• Users authenticate via hardware wallets, biometrics, or decentralized identity wallets.

• Enables multi-factor authentication (MFA) without centralized servers.

7. Reputation & Trust Scoring

• Users can build reputation scores based on verified credentials and past interactions.

• Enables trustless verification for dApps, lending platforms, and gig economy services.

1. Web3 & dApp Authentication

• Users authenticate into Web3 platforms without passwords.

• Supports single sign-on (SSO) across multiple decentralized applications.

2. Financial Services & DeFi Identity

• Enables KYC/AML compliance for DeFi platforms without exposing sensitive data.

• Verifiable credentials help lenders assess borrowers’ creditworthiness without intermediaries.

3. Supply Chain & Enterprise Identity

• Companies can issue digital employee IDs for secure access control.

• Tracks supply chain participants using verifiable credentials.

4. Government & Digital Citizenship

• Governments can issue blockchain-based passports, IDs, and driver’s licenses.

• Citizens retain control over their documents and selectively disclose information.

5. Healthcare & Medical Records

• Patients store medical records on the blockchain, controlling access permissions.

• Doctors and hospitals verify medical credentials instantly.

6. IoT & Smart Cities

• IoT devices register identities on the blockchain, preventing spoofing or hacking.

• Smart contracts grant access based on verified device credentials.

Use Cases