The potential opportunities and challenges of decentralized identity in mitigating AI threats
In an age where cyber threats are becoming increasingly sophisticated, the management and verification of digital identities are at a critical juncture. As various sectors rapidly evolve, decentralized identity (DCI) systems emerge as a revolutionary approach to managing and verifying user identities. These autonomous systems promise to change how we access and use online services. However, many organizations need help with adopting this promising technology.
A recent survey by Ping Identity, which included responses from 700 IT decision-makers worldwide, highlights these challenges. In the UK, 82 percent of IT decision-makers see value in decentralized identities for their customers and employees, yet only about a third (34.5 percent) currently offer this option. A significant reason for this gap is the need for more clarity about the benefits, with 31 percent of respondents unsure what advantages decentralized IDs would bring.