The Popularization of On-Chain Identity (DID): Opportunities, Challenges, and Potential Risks of Digital Divide Analysis 🆔

On-chain identity (DID) technology is regarded as an important infrastructure in the Web3 era, promising to enhance digital security and convenience, empowering users. As regulatory agencies become increasingly open towards crypto enterprises (such as the OCC approving trust bank charters), the role of DID in the compliance process is becoming more prominent.

**Technological Empowerment and Compliance:** DID enables self-sovereign management of user identities through blockchain technology, reducing reliance on centralized institutions and enhancing the security of personal data. It also shows potential in KYC/AML compliance.

**Potential Risks:** However, the complexity of DID technology may bring about a new digital divide, as users with higher technical barriers may find it difficult to utilize effectively. Additionally, risks of data breaches and misuse must also be heeded. How should we address the interoperability and compliance challenges of DID technology across different jurisdictions, and build a globally unified DID standard? #DID #数字身份