Google, Apple and Facebook move aside — Ethereum will offer users control over their data with a new sign-in method
EthereumFoundation and Ethereum Name Service are looking to offer users an alternative to Appleand
- Two of the most important bodies backing the development of the Ethereum ecosystem have shortlisted Spruce Software to build the new ‘decentralised’ system.
- Systems that use Ethereum wallets for identification aren’t unknown and are used on NFT platforms often.
As an alternative, the Ethereum Foundation (EF) and the Ethereum Name Service (ENS) — two of the most important bodies fueling the development of the Ethereum blockchain — are looking to develop a ‘decentralised’ solution. Rather than using Google, Facebook or Apple accounts to sign into other services, they want to offer a ‘sign in with Ethereum’ alternative.
The Ethereum ecosystem already has tens of millions of monthly active wallet users signing with their cryptographic keys for financial transactions, community governance, and more.
Simply put, giving information to tech giants and then using those same accounts for other apps is ‘centralised’. While it allows users to avoid passwords and provides a level of security, it also hands over data on their Internet activity to these firms. Ethereum, on the other hand, does not. It isn’t controlled by a for-profit organization, meaning there’s no one to profit from your data, at least on paper.
The foundation had put forth a request for proposals for creating a ‘sign-in with Ethereum’ system recently and a proposal from identity software firm Spruce has come out as the winning idea.
The security of these [Ethereum] wallets has been proven across billions of dollars of digital assets at stake — not theoretical security, but real tests in production. These secure wallets can also be used to sign in to Web2 services.
How will ‘sign with Ethereum’ work?
To be clear, Spruce isn’t really starting from scratch. The company noted that services like OpenSea and Gitcoin already allow users to sign in with their Ethereum wallets instead of using other accounts. The company’s system will look to ‘standardize’ this system across the web.
The company is also inviting the Ethereum community to join in on the discussions around this system. It has created a server on chat platform Discord and will be taking feedback using the same.
For a more in-depth discussion, come on over to Business Insider Cryptosphere — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve.
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