{"id":172603,"date":"2024-10-04T12:01:28","date_gmt":"2024-10-04T12:01:28","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172603"},"modified":"2024-10-04T12:01:31","modified_gmt":"2024-10-04T12:01:31","slug":"cardanos-move-to-hyperledger-identus-hoskinson-explains-whats-next-for-decentralized-identity","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/cardanos-move-to-hyperledger-identus-hoskinson-explains-whats-next-for-decentralized-identity\/","title":{"rendered":"Cardano\u2019s Move to HyperLedger Identus\u2014Hoskinson Explains What\u2019s Next for Decentralized Identity"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Transition to HyperLedger Identus<\/span><\/strong><span data-preserver-spaces=\"true\">: Cardano has shifted from Prism to HyperLedger Identus, an Apache2 open-source framework designed for integrating decentralized identity solutions.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Applications and Benefits<\/span><\/strong><span data-preserver-spaces=\"true\">: Cardano products like Midnight and Lace will leverage HyperLedger Identus for their identity needs, enhancing user privacy and data protection.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Future Prospects<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: This move aligns with Cardano\u2019s broader vision of leveraging decentralized identity technology to combat scams and enhance security.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The Decentralized Identity (DID) push within the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/knowing-cardano-protocol\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Cardano<\/span><\/a><span data-preserver-spaces=\"true\"> ecosystem is gaining significant momentum<\/span><\/strong><span data-preserver-spaces=\"true\"> with the adoption of HyperLedger Identus. This major technological shift, which took place about ten months ago, <\/span><strong><span data-preserver-spaces=\"true\">promises to revolutionize how decentralized identity solutions are integrated<\/span><\/strong><span data-preserver-spaces=\"true\"> into applications.<\/span><!--more--><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Understanding HyperLedger Identus<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">HyperLedger Identus is designed to integrate decentralized identity solutions<\/span><\/strong><span data-preserver-spaces=\"true\"> seamlessly into supported applications. One of its standout features is extensive Self-Sovereign Identity (SSI) support, built on the World Wide Web Consortium (W3C) Decentralized Identity specification. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">This includes Decentralized Identifiers (DIDs) and verifiable credential functionality, simplifying the complexities of adopting decentralized identity solutions. <\/span><strong><span data-preserver-spaces=\"true\">Charles Hoskinson,<\/span><\/strong><span data-preserver-spaces=\"true\"> the founder of Cardano, <\/span><strong><span data-preserver-spaces=\"true\">has been vocal about the transition from Prism to HyperLedger Identus<\/span><\/strong><span data-preserver-spaces=\"true\">. <\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">He describes Identus as an Apache2 open-source framework for identity applications<\/span><\/strong><span data-preserver-spaces=\"true\">, written in Scala but with an OpenAPI interface that allows development in any programming language. <\/span><strong><span data-preserver-spaces=\"true\">This modular architecture ensures easy customization and scalability<\/span><\/strong><span data-preserver-spaces=\"true\">, making it a powerful tool for businesses aiming to stay ahead of the curve.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-172604\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/CardanoCharlesHoskinson.jpg\" alt=\"Cardano\u2019s Move to HyperLedger Identus\u2014Hoskinson Explains What\u2019s Next for Decentralized Identity\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/CardanoCharlesHoskinson.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/CardanoCharlesHoskinson-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/CardanoCharlesHoskinson-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Applications Benefiting from Identus<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">In a recent post on X, <\/span><strong><span data-preserver-spaces=\"true\">Hoskinson highlighted how the Input-Output (IO) Engineering team managed community contributions<\/span><\/strong><span data-preserver-spaces=\"true\"> and pointed out that Cardano products like Midnight and Lace will leverage the new technology for their identity needs.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This is just a reminder that prism became Hyperledger Identus about 10 months ago. It&#39;s an Apache2 open source framework for identity applications. IO Engineering maintains the core team alongside community contributions, and products like Midnight, RealFi, and Lace will use the\u2026<\/p>\n<p>&mdash; Charles Hoskinson (@IOHK_Charles) <a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/1841768125391634679?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 3, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The Midnight testnet, which went live a few days ago, aims to protect sensitive data while delivering usable Decentralized Applications (dApps). <\/span><strong><span data-preserver-spaces=\"true\">HyperLedger Identus will play a crucial role<\/span><\/strong><span data-preserver-spaces=\"true\"> in maintaining user privacy once the Midnight Protocol goes to the mainnet.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Cardano\u2019s Growth and Future Prospects<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The Cardano <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/blockchain-technology\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">blockchain<\/span><\/a><span data-preserver-spaces=\"true\"> recently celebrated its seventh anniversary,<\/span><\/strong><span data-preserver-spaces=\"true\"> marking significant milestones such as over 95.6 million transactions and onboarding over 1,000 projects. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The platform has funded over 1,800 ideas to expand innovation and achieved <\/span><span data-preserver-spaces=\"true\">full<\/span><span data-preserver-spaces=\"true\"> decentralization with the Chang hard fork. At the time of writing, <\/span><strong><span data-preserver-spaces=\"true\">Cardano&#8217;s ADA token is <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/coinmarketcap.com\/currencies\/cardano\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">trading <\/span><\/a><span data-preserver-spaces=\"true\">at $0.35, increasing nearly 4%<\/span><\/strong><span data-preserver-spaces=\"true\">, suggesting a positive response to the announcement.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Hoskinson\u2019s vision for the future includes leveraging DID technology to combat scams and enhance security across various platforms. As Cardano continues to evolve, integrating HyperLedger Identus represents a significant step towards a more secure and decentralized digital identity landscape.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Transition to HyperLedger Identus: Cardano has shifted from Prism to HyperLedger Identus, an Apache2 open-source framework designed for integrating decentralized identity solutions. Applications and Benefits: Cardano products like Midnight and Lace will leverage HyperLedger Identus for their identity needs, enhancing user privacy and data protection. Future Prospects: This move aligns with Cardano\u2019s broader vision &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Cardano\u2019s Move to HyperLedger Identus\u2014Hoskinson Explains What\u2019s Next for Decentralized Identity\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/cardanos-move-to-hyperledger-identus-hoskinson-explains-whats-next-for-decentralized-identity\/#more-172603\" aria-label=\"More on Cardano\u2019s Move to HyperLedger Identus\u2014Hoskinson Explains What\u2019s Next for Decentralized Identity\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":172605,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[105,74],"tags":[5022,4620,4632,5061,4959],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172603"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172603"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172603\/revisions"}],"predecessor-version":[{"id":172607,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172603\/revisions\/172607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172605"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}