Welcome to the new web. Unlike the old one, it demands a new approach to identity. In Web3, data structures and commercial relationships are evolving—requiring verification that’s streamlined, secure, and trustworthy.

Current online identity systems are outdated replicas of physical ones. Companies still rely on scanned IDs sent over unsecured channels like email—inefficient and risky methods prone to forgery and theft. Stolen credentials continue to circulate on the dark web.

It’s time for a digital-first form of identification—built for Web3, tamper-proof, verifiable, and fully controlled by the individual.

Digital Identity

— The Big Shift

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What is Web3?

Web3 is the next generation of the internet, promising a landscape where individuals not only have read and write capabilities on the internet, but also the ability to own and control their data, including digital creations, digital assets and digital identities.

Enter

Decentralization

The web’s evolution has led to growing centralization, with big tech controlling user data and identities. Web3 reverses this by using decentralized blockchains to return ownership and control of digital assets and identities to individuals.

Digital identity for Web3

As Web3 decentralizes commerce, identity must do the same. User credentials stay securely on personal devices, while verification records are stored on public blockchains. Individuals control their data through digital wallets, granting third parties access only when necessary.

This decentralized identity model carries several key advantages:

In Web3, users control their identity data—deciding who can access it and how much to share. Instead of showing a full ID to prove your age, decentralized identity lets you reveal only what’s necessary, solving the overexposure problem of traditional systems.

In the old model, you couldn’t be sure how organizations stored or shared your data—often leading to privacy breaches. Decentralization fixes this by giving you full control over your credentials. There’s no single point of failure, and third parties can only access your data temporarily, on your terms.

Sovereignty

Security

Immutable and Irrefutable

Encrypted identity records on the blockchain make tampering nearly impossible, ensuring trust and integrity. No third party can alter or forge someone’s digital identity signature.

The information herein is derived from sources believed to be reliable, but neither the authors nor KROK guarantee its accuracy or completeness. This material is for informational purposes only and does not constitute legal, financial, tax, or investment advice, nor an offer or solicitation to buy or sell any financial instruments. All opinions are as of the date of publication and subject to change without notice. Any products or services mentioned are subject to internal review, development, and regulatory approval. Recipients should consult their own legal, tax, or financial advisors before acting on any information. KROK and the authors assume no liability for errors, omissions, or any consequences arising from the use of this information. This report does not consider individual circumstances and does not create any obligation on KROK or the authors.