GartnerIT analyst Avivah Litan offers ways identity & access management (IAM) leaders can improve their frameworks in order to avoid risk and meet users' security needs. Read more via TechTarget. GartnerIAM
and presented to service providers to verify the data via the distributed ledger. Gartner predicted that, by 2026, at least 500 million smartphone users will regularly make verifiable claims using a digital identity wallet built on distributed ledger technology.tackling issues of assurance and privacy in a novel way
Decentralized identity systems provide several benefits. Namely, users have more control over what data they share and can eliminate repeated identity proofing across services. By 2027, social media platform models will shift from"customer as product" to"platform as customer" with decentralized identity sold through data markets. Gartner projected social media platforms that ignore this trend will experience a 7% drop in users by 2025 as Web3 social network applications begin to offer consumers opportunities to monetize their identity data.
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