Ontology is a provider of Blockchain-based self-sovereign identification systemIn an effort to speed up the creation of its decentralized credentials,, has announced that it is partnering with bloXmove on Tuesday morning. Decentralized digital identity protocol or DID will allow blockchain participants to exchange their personal information such as driver’s licenses in a secure, encrypted and private manner.

In the future, DIIDs could be needed Complex decentralized financing applicationsThere are many options, including urban transport apps as well decentralized insurance or car insurance. For example, a decentralized underwriter would cover a claim by a user for hospital costs. Simple smart contracts won’t suffice for processing.