SEDIMARK Launches Decentralized Data Marketplace on IOTA Tangle with Self-Sovereign Identity Model

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SEDIMARK, a decentralized data marketplace, has launched its platform on the IOTA Tangle Distributed Ledger Technology. This move represents a significant advancement in the field of digital identity management. SEDIMARK’s adoption of the Self-Sovereign Identity (SSI) model allows users to have full control over their digital identities, ensuring privacy and independence from central authorities. The integration of SSI also enables enhanced authentication and authorization policies, giving data providers the ability to verify specific individuals authorized to access their data. This shift towards a decentralized approach in digital identity management is a departure from the traditional centralized model. SSI empowers users by giving them complete control over their identity and the information they choose to share. The IOTA Tangle, a novel form of Distributed Ledger Technology, offers high scalability, fee-less transactions, and near-instant transfers, making it well-suited for the Internet of Things (IoT) environment. Overall, SEDIMARK’s deployment on the IOTA Tangle and its adoption of the SSI model mark significant milestones in advancing user-centric identity solutions and privacy management.

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