On Tuesday, July 16, Charles Hoskinson, founding father of the blockchain platform Cardano, publicly provided to help Elon Musk in addressing the escalating concern of account hacks and the proliferation of rip-off bots on X (previously Twitter). Hoskinson’s proposal entails the combination of Decentralized Identifiers (DIDs), an idea endorsed by requirements our bodies just like the World Large Net Consortium (W3C), into X’s framework.
What The Cardano Founder Presents Musk
Hoskinson reached out immediately through an X put up, stating, “Elon, we’d like DIDs built-in into X. It solves all of those issues. Once more, I’ll do it without cost.” This provide was made within the context of latest safety breaches highlighted by Ben Goertzel, CEO of SingularityNet, who apologized to his followers after his account was hacked and used to distribute rip-off hyperlinks.
The dialog about DIDs and their potential utility inside X’s platform has ignited a broader debate concerning the nature and implementation of decentralized identification applied sciences. Timothy Ruff, Basic Accomplice at Digital Belief Ventures, criticized the proposal for doubtlessly centralizing a side of X that ought to stay decentralized. Ruff argued, “Should you’re utilizing ‘DIDs’ as quick for decentralized identification (it’s not) and it’s on some blockchain, it’s not decentralized and shouldn’t be built-in into X.”
In response, Hoskinson clarified his place, emphasizing the expertise’s alignment with broader requirements and its blockchain-agnostic nature. Hoskinson clarified that he isn’t particularly proposing Cardano as an answer: “I’m referring to the w3c customary and now we have a blockchain agnostic hyperledger mission to concern and handle dids, anoncreds, and different components of the identification stack. X has to have an enhanced identification resolution due to its want to turn out to be an MSB.”
He additional argued that integrating this expertise into X would improve safety, enhance entry management, take away bots, and streamline compliance methods, including that “It’s in Scala like their software program. It’s a straightforward carry and I’ll do it without cost. I’m not right here to shill a blockchain. I would like X to be higher because it’s important public infrastructure.”
Ruff responded by acknowledging Hoskinson’s credentials however reiterated his concern concerning the dependence on blockchain expertise: “My workforce helped launch the W3C spec, invent DIDs, and actually wrote Anoncreds, Hyperledger Indy, Aries, and Ursa. So I get it. Glad you’re not shilling a selected blockchain, however by ‘blockchain agnostic’ do you imply it nonetheless is dependent upon some blockchain?”
Hoskinson replied: “Tim, I recall speaking to Manu and Chris extensively all through the years on the did customary and have been a member of DIF and the W3C for simply as lengthy. No, as you’re conscious did frameworks don’t require blockchains. That’s a special a part of the stack and shouldn’t affect design.”
In help of the sensible utility of such applied sciences, Seira Yun, Founder & CEO at Socious and a Cardano ambassador, highlighted their use in issuing verifiable credentials via the Socious Pockets, which leverages Hyperledger Identus and complies with W3C requirements: “The Socious Pockets leverages Hyperledger Identus (previously generally known as Atala PRISM), which is appropriate with W3C requirements. Corporations and academic establishments use Socious to concern KYC verifiable credentials (VCs) in addition to work and academic certificates.”
Whereas a big majority of the Cardano neighborhood inspired Elon Musk to get in contact with Hoskinson, the Tesla billionaire has not but responded to the provide but.
At press time, Cardano (ADA) traded at $0.446.
Featured picture from YouTube, chart from TradingView.com
