Dock Labs reposted this
One question I get a lot is: “What happens to my digital ID if someone steals my phone? Do they suddenly own my life?” Short answer: no. Not if digital IDs are built the right way. Digital ID credentials should be biometrically bound to the person. That means they can’t do anything with it without you. Here’s an example: 1) Issuance I go through a biometric verification once (for example, a facial scan). My company, Dock Labs, issues me a digital ID credential attesting that I’m the CEO and cryptographically binds my biometric to it. I store the credential in my ID wallet*. 2) Verification We work remotely. So if I request a sensitive action to be taken, like a money transfer, I could be asked to present my digital ID credential and complete a new biometric check. The company verifies that the credential is authentic and that the new biometric check matches the biometric bound to the credential. If both match, they know it’s me, not a scammer who got hold of my phone or who’s deepfaking me. This is how we make digital identity more secure. *Note that one of the key aspects of our implementation is that sensitive biometric data is not stored in centralized systems but locally on user devices.