Decentralized identity sounds great on paper, but here's the thing—it only matters when it actually solves real problems.
The actual pain point right now? Not the tech itself. It's the mess of repeated KYC processes, fragmented user data across platforms, and painfully slow onboarding that kills conversion rates.
Imagine this: your verified credentials exist once, and get securely reused across compliant apps. Users onboard faster. Apps reduce friction. Everyone wins. That's when decentralized identity stops being theoretical and becomes a competitive advantage worth building for.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
9
Repost
Share
Comment
0/400
LiquidatorFlash
· 5h ago
Talking about military strategy on paper is pointless. The repeated delays in the KYC process are indeed a real pain point, but how can we balance the collateralization threshold?
View OriginalReply0
PebbleHander
· 6h ago
Honestly, the KYC process is really annoying, having to repeat it on every platform... If this solution can really be implemented, that would be impressive.
View OriginalReply0
LiquidityOracle
· 9h ago
ngl, this is the main point. One-time verification for the entire platform to use PUBG, so I don't have to go through KYC every time. So annoying.
View OriginalReply0
ETHmaxi_NoFilter
· 9h ago
To be honest, all this KYC hassle is exhausting. It would be great if one verification could be used across the entire platform at once.
View OriginalReply0
ILCollector
· 9h ago
Well said, repeatedly running KYC is really annoying. But ultimately, decentralized identity still relies on the application providers to bear the cost.
View OriginalReply0
SchrodingersPaper
· 9h ago
Talking about military strategy on paper is one thing, but once real projects go live, they turn into air coins.
---
I'm exhausted from repeatedly dealing with KYC, but can decentralized identity really save the day? Let’s see if any project can survive more than three months first.
---
Haha, here we go again. Should I bet on this narrative catching fire this year? I’m already all in, waiting to be proven wrong.
---
It sounds good as a competitive advantage, but honestly, it’s just looking for the next liquidity story.
---
One-time verification sounds great, and if it can really be achieved, it would be a big event. But right now? It’s probably still in the PPT stage...
View OriginalReply0
RooftopVIP
· 9h ago
Honestly, this KYC process is really crazy right now, every platform requires it once...
View OriginalReply0
DuckFluff
· 9h ago
To put it simply, all major platforms keep repeating KYC processes to death. It would be great if one verification could be used forever.
View OriginalReply0
NotFinancialAdviser
· 9h ago
Exactly, repeatedly going through KYC is really annoying, that's the real pain point.
Decentralized identity sounds great on paper, but here's the thing—it only matters when it actually solves real problems.
The actual pain point right now? Not the tech itself. It's the mess of repeated KYC processes, fragmented user data across platforms, and painfully slow onboarding that kills conversion rates.
Imagine this: your verified credentials exist once, and get securely reused across compliant apps. Users onboard faster. Apps reduce friction. Everyone wins. That's when decentralized identity stops being theoretical and becomes a competitive advantage worth building for.