What are Idos? It is designed to give users full control of their identity data on Web3, a decentralized identity and data network, an Open-Source and Chain-Agnostic system. As we said… Gud Tek!
At its core, by enabling self-sovereign identity, users own their encrypted data, from credentials to KYC details, and decide who can access it, when and for how long. Privacy in the new era of encryption.
Access can be granted or revoked at any time, putting control back in the hands of individuals. One of the biggest advantages is reusable validation.
Complete KYC once and reuse it across multiple apps and services, eliminating the need for repeated onboarding. A network is powered by several components, but the main ones are:
- The IDOS storage network is a decentralized set of nodes for encrypted user data, including verifiable credentials.
- The still-developing economic network will manage incentives, fees, and access subsidies centered around IDOS tokens.
It runs on the Arbitrum Orbit infrastructure to ensure scalability and sustainability. The Access Management protocol ties everything together and provides users with a seamless way to grant, manage, and revoke permissions, including advanced features such as time-locked access.