The idea behind DIDs and VCs (verifiable credentials, that go along with did's to prove claims about an entity) is fantastic.
Decentralize and normalize global IDs! Have ways to express data about them that contains the proof of ownership of the ID embedded.
The issues are with the execution in my opinion: the spec is too complex, the did methods are not nearly mature enough / constrained enough (some don't even use PKI...), and verifiable credentials / presentations are hard to get going.
For this to take off, they need to overcome a 3 sided market cold start (issuers, holders, controllers), with no clear monetization behind it.
I hope it works but I'm guessing we're not quite there.
Decentralize and normalize global IDs! Have ways to express data about them that contains the proof of ownership of the ID embedded.
The issues are with the execution in my opinion: the spec is too complex, the did methods are not nearly mature enough / constrained enough (some don't even use PKI...), and verifiable credentials / presentations are hard to get going.
For this to take off, they need to overcome a 3 sided market cold start (issuers, holders, controllers), with no clear monetization behind it.
I hope it works but I'm guessing we're not quite there.