Decentralized Autonomous Identity (DAI)

Hey folks, in today's post we'll speak about what we call as decentralized autonomous identity or DAI for short.

What is it ?

A DAI is a hybrid entity that is made up of nodes, that consist of real people and artificial beings that are composed of neural networks.

Importance to society

Currently, it is still in beta stage, although few projects have claimed relative sucess. A sucessful DAI can replace the centralized trust in our society, thereby improving the consensus which is built on trust within each community, thereby improving the entire state, as a whole.

Various Proposed Applications

Increase the trust in various financial institutions, by reducing the power leverage between the individual on a higher level and an individual on a lower level. Thereby, reducing the functional dependancy on a heirachy, and promoting a heterarchy.

Decreasing the volatility of cryptoassets, thereby improving their stability and adoption.

Building a global network of decentralized intelligence, that leverages open trust between states, institutions and law enforcement agencies, reducing the power of middle agents, between any said institution.

Scalable growth of the farming and agriculture sector, that'll improve the lives of farmers and reduce the taxes and harsh laws imposed on low income workers. Thereby, improving their lives.

Finally, enable the institutions and society to create a minimum wage feature, allowing benefits for students, disabled and elderly and babies with no parents.

Hope, this short and informative post enables you to understand in brief about DAIs and their importance. Hive being a flexible ecosystem, will no doubt be one the early adopters of this new emerging tech.

Have a nice week

Thank you