The post Cardano Foundation Debuts Open Identity Tools for a Decentralized Future appeared on BitcoinEthereumNews.com.

The Cardano Veridian system integrates Authentic Chained Data Container (ACDC) credentials, enabling secure, verifiable identity sharing without centralized databases. The Veridian launch aligns with Cardano’s broader push into decentralized finance (DeFi). The Cardano Foundation has unveiled a new open-source digital identity system, Veridian. It is intended to provide individuals with more control over their personal and organizational information. The rollout of the decentralized system comes amid growing cybersecurity fears and a trend of large-scale data breaches in industries. A Look At Cardano Foundation’s Veridian According to the latest release, Veridian is designed to operate as a replacement to conventional, centralized identity systems that tend to leave sensitive credentials within the control of third-party operators. Through using a decentralized architecture, the platform aims to cut down on dependence on intermediaries and provide customers with complete ownership of their online identities. The first product in this effort is the Veridian Wallet, a secure management platform where users can manage digital credentials, private keys, and identifiers from a single interface. The infrastructure of the wallet is directed towards making it possible for individuals and businesses to protect their information easily without having to depend on centralized storage and verification services. As per the Cardano Foundation’s, today’s identity solutions are becoming more exposed. The United States alone had around 1.7 billion data records put out in breach in the last year. Most of this exposure is a result of the centralized architecture nature of conventional verification systems, whereby user data is pooled together and controlled by third parties. Veridian suggests a transition with the rollout of a trustless, decentralized design fueled by cutting-edge protocols like Authentic Chained Data Container (ACDC) credentials and Key Event Receipt Infrastructure (KERI) identifiers, as mentioned in our last story. These technologies enable safe, verifiable sharing of identity information without…

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Filed under: News - @ April 4, 2025 12:23 pm