A representative of Shiba Inu (SHIB) revealed that the ecosystem will link all applications to a digital identity based on blockchain, aiming to strengthen trust between network users and governments, according to information published by the CoinDesk, on August 3th.
The move would be an attempt to end SHIB’s meme currency status and make blockchain a strong competitor in decentralized finance (DeFi).
According to the publication, the developers claim that they have been working with community projects to ensure that the implementation of Self-Sovereign Identity (SSI) is a priority for the blockchain. The resource is the digital alter ego of identity documents.
“We are laying the groundwork for a new global standard in decentralized digital trust and international identity verification,” said Shiba Inu lead developer “Shytoshi Kusama”. “In this way, Shibarium is the harbinger of a new digital age where faith in systems is restored and improved,” he added.
With the launch of Shibarium, a layer 2 network, the Shiba Inu meme coin is transforming into a major competitor of blockchain.
At the time of publication, the Shiba Inu price was quoted at $0,00000824, up 0.1% over the last 24 hours.
