Blog #1

With the rise of social media, people love to show their lives on social media. The most direct way of social media on the network is to share one’s thoughts and attitudes at any time and anywhere, and at the same time learn about the dynamics of people around us. Such sharing and communication is global, not only for people around us, but also a medium for us to communicate with different people in the world. Most of the time, our dynamic on the Internet can be easily discovered by many people, and even in the process of sharing, we can gain many people’s appreciation and recognition. This kind of encouragement is positive energy and gives people confidence from praise, which may be a positive development for the developed web. At the same time, social media also has negative effects. The most direct one is that it is easy to expose privacy. The content we post on social media will leave traces. Intentional people can even fabricate facts through some cruel means, bringing a lot of unnecessary trouble. Secondly, many people disguise themselves excessively in order to attract the audience’s attention on social media, which takes up a lot of time and makes people addicted to it. However, I always believe that proper use of social media can bring convenience to our life, and even learn and feel many new things from it.

Digital identity refers to the mapping of human identity in physical society in digital space. To summarize in a popular way is to condense our real identity information into digital codes that can be queried and identified by the network and related devices. In the announcement of consumption or employment and other fields have been widely used. Digital identity in today’s society has reflected a positive trend for future development, and many countries have gained the development potential of the market.

The development of digital identity can be roughly divided into centralized identity and alliance identity. Using the social software analogy around you, the identifiers of the era of centralized identity are the mailbox, and you are represented behind the email address of your hand. Affiliate identity can be our Facebook, Instagram or Twitter, and can be accessed and used across platforms. The most prominent feature of digital identity built on blockchain is autonomy, security and control. Digital identity is not just about online identity. Technically, a digital identity is one that uniquely identifies a person, company, and device as legitimate under certain circumstances. As for how our digital identity on social media use correctly, for example, as a designer, when you go to apply for a designer position, the employer can not  get to know you from the work that you provider, they can view you by your name information posted on social media dynamic to evaluate whether you meet their standards, not only is the business ability, Social media can also tell people your personal code of conduct.

Digital identity brings us a lot of convenience on the Internet, starting with online transactions. The authentication technology of digital security certificate is used to verify the identity and qualification of both parties to ensure the uniqueness and non-repudiation of traders’ information, protect the interests of all parties and achieve secure transactions. There is also the most commonly used E-mail. The sender of the E-mail encrypts the E-mail with the public key of the receiver, and the receiver decrypts the E-mail with its private key, ensuring the security, integrity and uniqueness of the information during the transmission of the E-mail.

With the improvement of data privacy security laws around the world, the importance of personal privacy security has reached an unprecedented level, and the risks and responsibilities of digital custodians are becoming serious. Centralized electronic credentials are faced with problems such as easy data loss, tampering and abuse of user data.

Extending full digital ID coverage could unlock economic value equivalent to 3 to 13 percent of GDP in 2030, with just over half of the potential economic value potentially accruing to individuals. Realizing this value is by no means certain or automatic (White et al., 2019). In the future, digital identity will standardize the identity of all people, in this development environment, people can create more value, from the current market can see significant economic growth. In the process of data processing and collection, people can overcome more difficulties and bring powerful motivation to human beings.

Reference

White, O., Madgavkar, A., Manyika, J., Mahajan, D., Bughin, J., McCarthy, M., & Sperling O. (2019). Digital identification: A key to inclusive growth. McKinsey Global Institute. https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/digital-identification-a-key-to-inclusive-growth