“To address fraud in 2022, organizations will need to enhance their approach to identity verification. That includes securing the enrollment process and taking a multi-layered approach to verifying and authenticating identity throughout the customer lifecycle. From enrollment to payment, managing change events to ongoing KYC and compliance. ”
For the above requirements, Ontology’s DID and data solutions provide reliable technology. ONT ID is a decentralized identity framework based on the W3C commendations for decentralized identifiers and verifiable credentials, using blockchain and cryptographic technology, that can quickly identify and connect people, data, and services. It is decentralized, self-sovereign, privacy-preserving, and easy to use, enabling users to fully control their own data and identities. At present, Ontology’s DID and data solutions can be seamlessly integrated into many platforms and applications, and have served many enterprises and platforms. In the future, Ontology will continue to expand global industry-wide partnerships to protect the digital identity and data of Web3 and the Metaverse.