The post Cardano’s Hoskinson Offers Musk Free Decentralized ID Solution After SingularityNet Hack appeared on BitcoinEthereumNews.com.

SingularityNet CEO Ben Goertzel’s X account was recently hacked. Cardano’s Charles Hoskinson offers to integrate Decentralized Identity (DID) into X to enhance security. The technology provides a secure way to control personal data. Following a hacking incident targeting SingularityNet CEO Ben Goertzel’s X (formerly Twitter) account, Cardano co-founder Charles Hoskinson has reiterated his offer to Elon Musk to integrate Decentralized Identity (DID) technology into the social media platform. Hoskinson argues that DID could help prevent scams and enhance security on X. On Monday, July 15, Ben Goertzel, CEO of SingularityNet, issued an apology to his followers after his personal X account was hacked. In the apology letter posted on X, Goertzel revealed that the hacker had posted fraudulent links, some referencing SingularityNET-related crypto tokens, directing followers to scam sites. The SingularityNet CEO later regained control of his account and advised affected individuals to report the incident to authorities to secure their information. Goertzel stated, “I am cooperating with Twitter and the relevant authorities to investigate the incident and prevent such occurrences in the future; and I urge anyone who has been affected to report the scam to the appropriate authorities and to take necessary steps to secure their accounts and personal information.” Responding to the attack, Hoskinson tagged Elon Musk on X, reiterating his offer to integrate DID technology to prevent similar incidents.  “Elon @elonmusk, we need DIDs integrated into X. It solves all of these problems. Again, I’ll do it for free.” Despite recent attempts to engage Musk in a partnership with Cardano, Hoskinson’s efforts have been unsuccessful. DID allows users to store personal information in a decentralized identity wallet using distributed ledger technology maintained by peer-to-peer networks. This system gives users control over what information they share with businesses or websites. Therefore, it reduces the need for sites…

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Filed under: News - @ July 17, 2024 11:28 pm