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AlfaHotelWhiskey t1_j1ze463 wrote

Reply to comment by _Schwartz_ in Crypto and blockchain are not the technology of the future – prove me wrong. by Aquillyne

Sovereign identity is one function- you can attach identity to data on the ledger and claim IP rights as well as track and “own” rights to data files as they are iterated or updated. It also has a digital signature function that allows you to legally sign data as a contract.

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_Schwartz_ t1_j1zhhst wrote

I see, and that'd be useful as a global system as well right? I know each country has an implementation of these things like e-signatures etc. If I'm understanding correctly;;

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AlfaHotelWhiskey t1_j1zipa4 wrote

Digital signatures and electronic signatures are somewhat different from each other. An electronic signature can be an image or a check mark or even a recorded sound whereas a digital signature is tied to a certification authority attesting to the validity of the signer (or something like that). Standards for digital signatures vary by country but my understanding is that updates are underway to cover blockchain signatures (NIST in the US and EIDAS in the EU)

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