Reviewing the Unflinching Developments on Fractal Protocol
In the blockchain industry, several protocols are emerging to prominence thereby making the industry more competitive. Innovative ideas from developers and users experience are being used as recommendations by protocols to further expand their growth and development. Fractal has created strategic planning in its deployment of open source and innovative development in the global market. Built on Polkodot ecosystem, it aim at creating an atmosphere for fair competition against trending duopoly in the market. Full of dynamism and technical backup, it is continuously rolling out major changes in its patterns of distribution of value in the Ad market.
Exploring the Importance of DID deployment on Fractal Protocol
To ensure safety and security in the market, Fractal is relentlessly propelling its effort towards protecting the privacy of users from malicious attack. The deployment of the Fractal DID multi-chain as a solution to Web3 projects has seamlessly sped up privacy information protection thereby making the end-users the custodian of their own data. The introduction of DIDs is a welcome development and prospective users are expected to see its benefits.
Basically, the impact of Fractal can be broadly classified into three. They include;
1. Data Ownership: In this age where the world has gone digital and virtually everything happens on the internet, it is definitely not an uncommon occurrence that people submit their data on websites when they want to employ the services of such websites. Say for example, you want to get an outfit from a website, information like your credit card number, address and so on are required to effectively render their services and that’s okay. However, the downside is that your information collected are stored and could be subsequently tampered with.
The utilisation of DID however ensures that only pre-chosen data by the user will be shared. That is, the user chooses his data that he wishes to be shared. How cool is that?!
2. Data Protection: The utilisation of DIDs protects your personal information from being compromised on centralised databases that are prone to cyber attacks. As a result of this, standard privacy is ensuring while at the same time maintaining credible and verifiable KYC processes as a result of this.
However, it should be noted that users will bear the responsibility of data saved on their personal devices.
3. Identity Control: Fractal can be thought of as a reliable validator that conducts face liveness checks, source of wealth verification and so on thereby giving users total control over their personal information. And as such, they could harmonise their Web3 identities while also providing a safer web3 experience. Nice isn’t it?!
Conclusively, Fractal has a great role to play in the decentralised identity industry and you all should be here for it. See you next time!
