IOTA has introduced the alpha release of IOTA Identity, a decentralized identity framework designed to enhance digital security and trust across industries. This new framework aims to replace traditional identity systems, which often rely on centralized databases vulnerable to cyberattacks, data manipulation, and privacy breaches.
By leveraging decentralized identifiers and verifiable credentials, IOTA Identity provides individuals, businesses, and devices with greater control over their digital identities while ensuring security and compliance with global standards.
The IOTA Identity framework operates on the IOTA MoveVM, migrating from the previous Stardust VM to offer improved on-chain programmability while maintaining privacy through off-chain verifiable credentials.
This upgrade allows for scalable and efficient identity management while ensuring that personal information remains secure. Built on World Wide Web Consortium (W3C) standards, the framework enables users to create, own, and control their digital identities without reliance on third-party intermediaries.
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Use Cases Across Industries for IOTA
This new system introduces real-world applications across multiple industries. In the finance sector, it streamlines Know-Your-Customer (KYC) compliance, digital signatures, and fraud prevention. Healthcare organizations can use the framework for secure patient records and privacy-preserving data sharing. Supply chain networks benefit from verifiable product authenticity, reducing counterfeit risks and ensuring transparency.
Since 2018, the IOTA Foundation has actively contributed to Europe’s Blockchain Service Infrastructure (EBSI) and participated in the European Blockchain Regulatory Sandbox, aligning its identity framework with industry regulations and standards.
With the alpha release now available, developers and enterprises can begin integrating the identity system into their applications. The framework represents a major step toward redefining digital trust, enabling more secure and verifiable interactions in an increasingly connected world.
