Episode 103 - Metis & Nuvo - Decentralized digital identity and data ownership in a data-driven world

In episode 103, we’re excited to welcome Yuan Su, Founder and CTO of Metis, an Ethereum Smart Layer-2 dedicated to solving the trilemma of security, scalability, and decentralization, and Nuvo, a middleware platform that bridges the gap between Web2 and Web3 development. We discuss how Web3 can enable data privacy and ownership, the exciting potential of a decentralized digital identity, and how it can help the 1B unbanked around the world, and much more!
 

--Three Key Takeaways--

• Most of our data, including our credentials, are entrusted to centralized third parties. This opens the user up to risks including data breaches which can lead to financial loss and identity theft.
• “Not your key, not your coins” is a well known saying in Web3 which should apply to one’s credentials and identity as well. One’s identity should be viewed as an asset, in the same way as a cryptocurrency or NFT, for example, and needs to be safeguarded as such.
• Over 1B people lack access to a proof of identity – which can be a huge barrier to social and financial inclusion. Decentralized digital identity can help by giving these individuals a verifiable identity that can be used to access essential financial services.

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--DISCLAIMER --
While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity, before making an investment. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More on the disclaimer at cryptoaltruism.org.

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