The global identity market is estimated to reach a whopping $32 billion by 2027.
06 Feb 2023, 13:17
The global identity market is estimated to reach a whopping $32 billion by 2027. With an increasing focus on secure and streamlined identity verification processes, the industry is growing at a rapid pace.
Verifiable Credentials (VCs) are a crucial component of the Identity market as it provides a secure and efficient way for individuals and organizations to digitally verify, manage, and share their identity information.
Dock’s VCs enable individuals to store and control their personal information, such as qualifications, licenses, or certificates, in a digital format that can be easily and securely shared with others for verification purposes.
As the identity market is to grow rapidly in the coming years more organizations will adopt verifiable credentials to verify the identities of their customers.
Hence, the increased adoption of VCs will lead to a growth in the usage of Dock's platform which is likely to drive increased demand for the DOCK token because every interaction with the Dock blockchain requires these tokens.
Learn more about Dock’s Verifiable Credentials: