Key Takeaways:



Gitcoin is developing a Web3 digital identity called the Gitcoin Passport. After integrating with Passport, dApps can independently confirm someone’s identity using a programmable algorithm rather than depending on an intermediary.



A functional capacity for developing reliable identity systems has been brought about by the development of Web3, which profoundly integrates financial transfers. We see decentralized identity (DID) as a crucial technological foundation that supports native Web3 applications, despite receiving less attention than DeFi, NFTs, and DAOs.



By opening up larger design space, we can significantly increase the rate of advancement if we develop a shared, adaptable, and resourceful identity layer.



In keeping with DID ideas and the current DID ecosystem, Gitcoin revealed that it would introduce Gitcoin Passport. This Web3 identifier would let users collect “stamps” from various authenticators like Bright ID and Proof of Humanity.



After incorporating with Passport, DApps can independently verify someone’s identity using a programmable algorithm rather than relying on a middleman.



By gathering several stamps in one location, Passport distributes trust among various entities. Stamps are provable credentials. After integrating with Passport, dApps can independently confirm someone’s identity using a weighted algorithm that weighs various stamps by their preferences.



This effectively enables communities to design customizable Visas with their participatory prerequisites.



“At Gitcoin, we’re building an alternative to the extractive way web2 platforms treat user data: Gitcoin Passport, your citizenship pass in the decentralized internet,” the official statement cites.



Gitcoin thinks digital identity is a public good, and their most recent Twitter post about the Gitcoin passport reflects this belief.




We believe digital identity is a public good ✨ We won’t be able to create an open web at scale unless community-driven decision-making processes are secure and trustless. https://t.co/xI64yqVyvG — Gitcoin (:D , :D)