Revolutionizing Identity: Decentralized Identity
In the original Bitcoin whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” published by Satoshi Nakamoto in 2008, the following quote can be found:
Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model.”