Market research reveals that authentication providers overcharge for services, individuals have no control over their online presence, and current Web3 wallet infrastructure limits global scale. Insights include the benefits of tokenizing authentication, passkeys and WebAuthn for user onboarding, the potential of DIDs for universal identification, the safety of IBC for a multi-chain future, and the use of multi-party computation and zero-knowledge proofs for enhanced security.
Despite Society increasingly moving online, Individuals have No Control
Current Web3 Wallet Infra Limits Global Scale
Authentication Providers Overcharge for Services
Tokenizing Authentication makes it cheaper, safer, and faster
Using Multi-Party Computation and Zero-Knowledge Proofs bolsters security
Passkeys & WebAuthn Eliminate User Onboarding Friction
IBC is the safest protocol to enable a Multi-Chain future
DIDs make a Universal System of Identification possible