How a Cocktail of Metadium and XYO is Looking to Bring Back the Power of Identity to the Masses
Not so long ago all you needed to engage in any kind of monetary transaction was a government-issued form of identification either an ID or a passport. Using just this piece of paper, a person could freely, for example, sell or buy land without necessarily jumping through numerous hoops as it is in the case today. Those were simple days when people lived simple lives where a person's identity was solely tied to their reputation in the society that they live in. As such, human-to-human interaction was a form of identity safeguard that made it almost impossible for one to impersonate or assume another's identity.
We've partnered with @metadium to control the sharing and distribution of personal data!
— XYO (@OfficialXYO) March 4, 2019
Then the internet happened. The inception of computers now meant that human contact decreased significantly and was instead replaced by communication software and data algorithms. One's identity no longer had a physical footprint attached to it but a digital one. Thus, it became exceedingly harder to prove one's identity while at the same time way easier to impersonate another one's.
And this was not helped by the fact that most popular social sites implemented the use of access tokens where one could use just one set of info/passwords to access numerous sites. This, as expected, made the entire system vulnerable to hacking where a malicious attacker would have unfettered access to a person's entire digital spectrum by simply stealing these tokens.
There was also the conundrum brought about by the fact that a huge chunk of these identity-verification providing services is chiefly the third party. This implies that they are not entirely 100% secure as intentional data leaks are not exactly unheard of these days. In short, public data control was no longer in the control of the same people who created it in the first place. As such, there was a need to come up with a system that enforces self-sovereign identity (SSI) and a typical example was Metadium.
Metadium users will not only be 100% in control of the digital dynasty of their online identity but also be in a position to track it in real-time. And this is made possible by incorporating XYO's location data to Metadium's SSI (Self-Soverign Identity) puzzle. This way, date involving a person's location and identity will consequentially be taken from under the control of 3rd parties and put back into the hands of the rightful owners.