Charles Hoskinson, co-founder of Cardano, has proposed integrating Decentralized Identity (DID) into X to combat the increasing number of scam attacks. This initiative comes in light of a recent report that the CEO of SingularityNet, Ben Goertzel, had his personal X account hacked.
Hoskinson is calling for a collaboration with Elon Musk to incorporate DID into his free speech app, believing that it can enhance the security features and reduce the instances of scams on the platform.
The background of the story involves Goertzel issuing an apology to his followers after his account was hacked, resulting in unauthorized posts with fraudulent links redirecting followers to scam websites. Following the incident, Goertzel recovered his account and advised affected individuals to take necessary actions to secure their accounts and personal information.
In response to this, Hoskinson reached out to Elon Musk on Twitter, proposing the integration of DIDs into X to address these security issues.
DID allows users to store their personally identifiable information in a decentralized identity wallet, providing them with control over which information they share with businesses or websites. This technology aims to prevent various types of scams, such as Deepfakes, Synthetic Identities, and Sybil Attacks, while also addressing privacy concerns.
While only a few companies have adopted this innovative solution, Michael Saylor’s MicroStrategy recently joined the trend. Despite multiple attempts to engage Musk in a partnership with Cardano, Hoskinson has yet to succeed. He speculates that external influences or misunderstandings about him may be hindering the collaboration.
At present, Cardano (ADA) is trading at $0.44, having surged by 3% in the last 24 hours. Hoskinson remains hopeful for a partnership with Musk to strengthen the platform’s security and relevance in the face of growing threats.