Home Coins Ontology (ONT) Take Cost of Your Id With Personalized Information Management and Disclosure Options

Take Cost of Your Id With Personalized Information Management and Disclosure Options

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The Ontology Team

Having lately unveiled unique particulars of Ontology 2.0, we’re happy to announce new updates pertaining to ONT ID 2.0, Ontology’s digital id framework. Accelerating digital id options has been a central pillar of our work since day one, and we’re excited to have reached this vital milestone on our journey.

Digital id represents a core strand of the digital world. As the info financial system continues to swell, so have issues over information privateness, significantly in relation to digital id options.

These rising privateness issues have been amplified by a lot of excessive profile privateness scandals, with Fb, for instance, struggling a number of main breaches within the second half of final 12 months alone. In September 2019, a server containing over Four million consumer information was uncovered on-line, completely undermining the people’ privateness. . In December of the identical 12 months Fb’s privateness points have been highlighted as soon as once more with 267 million Fb customers’ data being uncovered.

The prevalence of knowledge breaches continues to be a significant problem amongst tech giants, with Zoom turning into the most recent platform on the top of a cyber assault focusing on over 500,000 consumer accounts.

The recurring nature of knowledge breaches on the highest degree of trade leads us to 1 easy query: How can we defend our information correctly?

This image originates from the Web.

To reply that query, we should take into account the forms of dependable expertise that may defend id information from assault and misuse.. Ontology believes that people and enterprises alike ought to have the fitting to take management of their proprietary id information together with the fitting to authorize entry to trusted third events the place mandatory.

Options of ONT ID 2.0

ONT ID is a decentralized id framework following the W3C DID Customary, utilizing blockchain and cryptographic expertise that may rapidly establish and join identities and enterprise belongings. It’s decentralized, self-sovereign, secure, and simple to make use of, enabling customers to totally management their very own information and identities.

As the most recent up to date model of ONT ID, ONT ID 2.Zero is carried out by means of native good contracts on the Ontology public chain. We encourage builders and customers to examine the ONT ID requirements and related API documentation.

Please discuss with https://docs.ont.io/

Here’s a transient abstract of a number of notable options of ONT ID 2.0:

1. Compliance with W3C Definitions and Requirements

ONT ID 2.Zero is absolutely compliant with the definitions and necessities laid out in Decentralized Identifiers (DIDs) v1.Zero in W3C Customary Protocol. ONT ID 2.Zero helps all operations outlined in W3C, and may intercommunicate with DIDs that observe the identical normal no matter the blockchain or system they’re registered in.

2. ONT ID 2.Zero Authentication and Management

At current, like most DIDs, ONT ID solely accepts a consumer’s “signature” as its authentication mechanism. As well as, by modifying an ONT ID’s “controller attribute”, the proprietor of an ONT ID can authorize one other ONT ID to train administration rights over their very own ONT ID. A controller attribute could be one ONT ID or a gaggle of ONT IDs. Extra advanced management mechanisms could be carried out by means of a collection of logical expressions to be able to adapt to totally different software eventualities.

For instance, you possibly can set the controller attribute of “ONT ID E” to [ONT ID A] or {[ONT ID B] and [ONT ID C]} to make “A” or “B and C collectively” in a position to management E.

3. Customized Restoration Mechanism

If the authentication key of an ONT ID is misplaced or stolen, customers can reset the authentication key by means of a person with set restoration rights. A restoration particular person could be set within the “restoration attribute” of an ONT ID. Equally to the controller attribute, the restoration attribute may also be one or a gaggle of ONT IDs, permitting for advanced mechanisms carried out by means of logical expressions to suit varied software eventualities.

4. Customized Attribute Setting

ONT ID helps the on-chain binding of customized attributes. Customers can modify the “attribute” of an ONT ID to set this. Every attribute is a <key, sort, worth> triple, the place customers can retailer data in line with their wants. For the restrictions on the variety of entries within the “attribute” property, customers can examine the corresponding description within the ONT ID specs.

The protocol and the process of ONT ID verifiable credentials are designed based mostly on W3C Verifiable Credentials Information Mannequin 1.Zero Customary. ONT ID verifiable credentials assist varied forms of credentials together with regular credentials and selective disclosure credentials, with the latter enabling customers to selectively disclose the knowledge in several eventualities. Moreover, on the premise of ONT ID, Ontology has designed and carried out a distributed information trade protocol that’s suitable with DID, which makes distributed information trade doable. Related design paperwork can be launched quickly.

ONT ID v2.Zero vs ONT ID v1.0

ONT ID Software Situations

Through the use of ONT ID, any entity can take full management of their very own identities and information, and authorize functions or different people to entry their very own information as required. We current under two such eventualities:

1. ONT ID as a“unified account” to make single sign-on doable

Presently, the username/password system is often used to log into and avail of internet functions. The username/password combo and the related consumer information can be often saved on the net software’s server. This login technique is antiquated, with customers having to recollect a number of username/password mixtures to be able to log into a number of internet functions. In consequence, they have a tendency to set easier passwords to keep away from forgetting them. In addition to this, many internet functions fail to implement acceptable safety measures when saving customers’ login data on their servers, which has led to frequent password safety points.

This image originates from the Web.

Now utilizing ONT ID as their unified account, customers can maintain their information in their very own fingers. Furthermore, in contrast with “problem/response” and different authentication strategies, the ONT ID-binding key can utterly obviate password login strategies which have high-security dangers and thus can largely make sure the safety of the consumer’s id and related information.

2. Commencement certificates and educational transcripts issued on ONT ID

In scholarship and internship functions, candidates are often required to offer a commencement certificates and a transcript to be able to show their {qualifications}. With selective disclosure expertise, ONT ID verifiable credentials will allow college students to show that they meet the entry necessities with out disclosing their precise transcript. For instance, maybe a scholarship solely must know the variety of course credit accomplished, not the grades earned. Or maybe a possible employer is barely taken with a candidate’s pc science-related {qualifications}. With ONT ID, college students have the power to selectively disclose solely what is critical for every particular software.

Contact Us

Keep tuned for extra particulars in our follow-up announcement. When you’ve got any questions or suggestions, please contact us at [email protected]

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