- IOTA is among the blockchains that took it upon themselves to offset the problem of trust in digital data, with IOTA identity.
- IOTA identity is increasingly being adopted, with ObjectID.io being the latest to implement this tool for its customers.
As discussed earlier, the IOTA network recently introduced ObjectID, a decentralized application (dApp) built to give real-world products a unique, tamper-proof digital identity. Alongside the deployment of ObjectID’s native token on the IOTA mainnet, this move signals IOTA’s bigger vision, powering the future of IoT infrastructure with secure, verifiable identities.
In a recent X post, the IOTA team expressed their excitement, calling it “a great application of #IOTA Identity.” ObjectID is designed to work across any industry or product type, allowing each item to carry a trusted digital ID, no passwords, no middlemen. In their announcement, ObjectID emphasized that a domain isn’t just a web address; it’s an extension of a brand.
They explained that every ObjectID product is signed by a Decentralized Identifier (W3C DID), created through IOTA Identity and directly to the producer’s domain name. “No One can forge a fake ObjectID without controlling your identity,” they added.
What Is IOTA Identity?
IOTA Identity is reshaping how we think about digital identity. Built on the IOTA Tangle, it’s a decentralized framework that puts control back where it belongs, with the individual, the organization, or even the machine. Following the Self-Sovereign Identity (SSI) model, IOTA Identity ensures that your digital credentials are yours alone, not stored or hoarded by a tech giant.
In the present day, Artificial Intelligence (AI) systems, especially those used in supply chains, mobility, healthcare, smart cities, and finance, need to interact with other systems, devices, and data sources. But most digital identities today are: Centralized, vulnerable to hacks, and hard to verify without exposing sensitive data. IOTA identity solves this.
Instead of relying on traditional logins and central databases, it uses decentralized identifiers (DIDs), which are unique cryptographic IDs, and verifiable credentials (VCs), like proof of age or a diploma, that can be verified without exposing your personal data. And because it runs on IOTA’s Tangle, a feeless, energy-efficient distributed ledger, it’s an ideal solution for global use across IoT, supply chains, and real-time digital verification. ObjectID’s adoption of IOTA Identity shows this isn’t just theory, it’s working in the real world.
And it doesn’t stop there. IOTA Identity is being trialed in everything from EU-funded digital ID projects to smart mobility systems and industrial automation. On top of that, IOTA’s ecosystem keeps growing. As we’ve previously reported, the release of Gas Station v0.2-alpha and its new product page are simplifying Web3 by allowing businesses to sponsor transaction fees, so users can interact with apps without needing to buy or hold IOTA tokens. Altogether, IOTA is building infrastructure for the future.
IOTA, currently ranked as the 95th largest cryptocurrency by market cap, has been rebounding. It’s added 8% of the gains it made last week and lost nearly 3% of its progress over the past 7 days. As of now, the token is trading around $0.16, with a market capitalization sitting at $623 million.
