In traditional centralized identification systems the lack of ownership and control in the hands of the user makes their data vulnerable to obscure sharing and risk of unethical data leakage. 

Decentralized identity system can be viewed as the knight in shining armour that saves the users’ data by providing the users complete control and ownership of their identification data. The unique identity of each user is stored dencentrally with linkage to their wallets. This makes the entire lending and borrowing process on DeFi robust and reliable. 

In this episode of “Link to the Chain” ,a podcast hosted by BSOS, the CEO of Quadrata Fabrice Cheng, accompanies us to  unravel the concept of Decentralized identity (DID) and how it will make the on-boarding of RWA into DeFi more reliable and efficient. 

Episode highlights: 

• [4'21] What exactly is Decentralized identity?
• [9'05] How important is it to have a standardized/ unified on-chain identity representation?
• [14'58] Will it be easier to transcribe the users’ RWA onto DeFi if they have DID?

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About the show:
“Link to the Chain”, hosted by BSOS, is a dedicated show that dives deep into the development of Real-World Assets (RWA) and Decentralized Finance (DeFi). Whether you are a crypto enthusiast or have been following the web3 industry, this podcast brings to you the latest viewpoints from the experts in RWA DeFi.