- IOTA-based startup Impierce Technologies has proposed a blockchain-powered to Twitter’s verification checkmark issues.
- Jelle Millenaar, CEO of the startup, adds that the solution has even broader use cases.
Impierce Technologies, an IOTA-based startup focused on building services on top of IOTA Identity, has proposed its Verifiable Corporate Digital Identities (DID) solution to solve Twitter Blue’s verification badge issues.
In a Medium post, Impierce Techs’ CEO Jelle Millenaar noted that the widespread abuse that the $8 purchasable Twitter verification check marks showcase the need for Verifiable Corporate DID.
Verifiable Corporate DID, which is built in the World Wide Web Consortium (W3C) approved Decentralized Identifiers (DID) and Verifiable Credentials standard, will allow organizations to create a profile that is published on Distributed Ledger Technology (DLT) platforms like Bitcoin, Ethereum or IOTA, he noted.
— IOTA Vrom.iota 🦋✨️💪➡️🐙☠️🤖soon (@Vrom14286662) November 16, 2022
He further explained that with these profiles, organizations can easily prove that they are the true owners of a profile through a simple cryptographic operation that can be integrated into just about any social media platform, Twitter included.
A similar process can be done to link the corporate identity to a series of social media accounts, such as Twitter, LinkedIn, and Facebook. Now if anybody wants to verify the corporate digital identity, they can see a verifiable link to a domain name and various social media accounts,
He added that due to the compounding effect of the evidence that the solution provides, fake accounts will have a significantly harder time impersonating a company. This is because they will need to set up and control a domain name that is exactly like the company’s website, as well as create several social media accounts with real-looking names, and acquire a significant following on all of them.
While this is one major use case of the feature, Millenaar who was the former head of Identity at the IOTA Foundation says it only scratches the surface of what DID can validate. Essentially, anything that could be used as evidence of authenticity can be presented as a DID backed by blockchain technology he noted.
Vrom.iota, one of the largest IOTA community accounts on Twitter, has urged the micro-blogging platform and its CEO Elon Musk to consider the proposed solution as it can solve Twitter’s verification problems for millions of people.
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IOTA Identity gaining significant traction
The proposal by Millenaar is not the only use case that DID technology is finding in the IOTA ecosystem. The open-source DLT platform which focuses on providing blockchain-based solutions for Internet-of-things (IoT) connectivity has also been working on bringing DID to its recently launched Layer 1 protocol, Shimmer Network.
Stardust, a planned IOTA upgrade, will introduce more features for IOTA Identity on Shimmer Network including enabling identities to interact with NFTs, native tokens, and smart contracts while improving data availability, accessibility, and synchronization guarantees according to a blog post.