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- Cardano’s Charles Hoskinson opts to integrate Decentralized Identity (DID) into X to combat the growing incidence of scam attacks.
- His latest call comes amid the recent report that the SingularityNet CEO’s personal X account was hacked.
Cardano (ADA) co-founder Charles Hoskinson calls for a partnership with Elon Musk to integrate Decentralized Identity (DID) into his free speech app. According to Hoskinson, DID can enable a smooth delivery of the recently integrated features, mitigating the cases of scams on the app.
Background of the Story
On Monday, July 5, the CEO of the world’s leading decentralized Artificial Intelligence platform SingularityNet Ben Goertzel issued an apology to his followers over a hack of his personal X account. According to him, the hacker, within the period, made unauthorized posts embedded with fraudulent links that directed followers to a scam site. Some of the posts even referenced SingularityNET-related crypto tokens to entice potential victims.
At the time of writing this article, Goertzel had recovered the account and issued daily notices to inform the community about the hack. In one of his posts, Goertzel advised all affected individuals to report to the appropriate authorities for necessary actions to be taken to secure their accounts and personal information.
This is my own personal Twitter account that I set up myself in 2009, it has not hitherto been managed by SingularityNET TrueAGI or any other company in which I have a role. However, observing the heightened attention that the recent ASI merger seems to be bringing from hackers and scammers, going forward I will be leveraging assistance from SingularityNET’s IT team on security matters regarding my personal social media accounts. Once again, I apologize for any distress caused appreciate your understanding, and will move forward with redoubled care due to this unfortunate incident.
In responding to this, Hoskinson tagged Elon Musk to remind him of his willingness to eradicate these incidents with a free DID integration.
Elon @elonmusk, we need DIDs integrated into X. It solves all of these problems. Again, I’ll do it for free. https://t.co/iadaN2yLl2— Charles Hoskinson (@IOHK_Charles) July 16, 2024
More About the Decentralized Identity (DID)
DID is designed to enable users to store their personally identifiable information in a decentralized identity wallet. According to our research, these digital wallets use distributed ledger technology maintained by peer-to-peer networks. With this, users are given the option to choose which information they want to share with a business or website, eliminating the need for the sites to store phone numbers, credit card information, etc. In a nutshell, DDI combats all kinds of related scams including Deepfakes and Synthetic Identities, and Sybil Attacks, and also addresses privacy concerns.
For now, only a few companies have adopted this cutting-edge solution with Michael Saylor’s MicroStrategy becoming the latest to adopt the technology.
Over the past few months, Hoskinson has made multiple attempts to get Musk into a partnership with Cardano, but his efforts have not yet paid off. Recently, he suspected that Musk might be influenced by those in his social cycle who may have a wrong view of him.
Maybe he has some in his social circles that don’t like me or he’s heard I’m difficult to work with. Or maybe he just wants to do his own thing, I don’t know. It makes me sad because I’m an X user with millions of followers, and it would be problematic if the platform falls apart or loses relevance, as that social capital is valuable to us.
At press time, Cardano (ADA) was trading at $0.44 after surging by 3% in the last 24 hours.
