Last week, an NFT art creator with the OpenSea handle Pest Supply made nearly a million dollars selling Banksy-style-looking works. Emotional mayhem ensued because bidders felt dismayed at the unclear authorship of the works, which reads a lot like cranky Twitter backlash. Pest Supply never purported to be Banksy (indeed, quite the opposite), but because there is not yet a standard practice around intellectual property assertions and derivative creative works in this new medium, spectators quickly cried forgery and rejoiced at having something else on the internet to complain about.
The uPort project set forth at ConsenSys in 2015 to explore a new form of identity where end-users and enterprises could become active stewards of their verifiable data. This initiative evolved into a variety of experiments, enabling end-users to hold their identity credentials in mobile wallets, helping people use those credentials to accomplish real-world actions and impacting communities on a global scale with these new approaches.
uPort’s leading-edge experiments paved the way for the W3C’s decentralized identity (DID) and verifiable credential (VC) standards; these primitives offer a new common global approach to identity and reputation.
Today, Serto continues this critical…