Digital Identity in the Web3 Internet

Digital identity is another area where Web3 technologies may transform the internet.
In traditional Web2 systems, user identities are managed by centralized platforms. Users must create accounts for each service they use, and their personal data is stored in platform-controlled databases.
Web3 introduces decentralized identity systems where users control their own identities through blockchain wallets.
These identities can be used across multiple platforms without relying on centralized authentication providers.
Users can selectively share information while maintaining control over their personal data.
Decentralized identity systems may also reduce the risk of large-scale data breaches by eliminating centralized data storage.
As these technologies evolve, they may reshape how individuals interact with digital services.
A practical example of this concept can be seen in the Web3 ecosystem BIZA-CarnegieMall, where the ZIOW coin is used as both a payment and reward mechanism.

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