Concordium (CCD) is a token of a reliable public chain with all the advantages of a private one. By means of a personal identifier, a high level of identity verification is achieved using the ID framework. Concordium allows anyone with a CCD to receive a reward every time a transaction occurs, providing businesses with a secure network for doing business.

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With decentralized solutions, users can take verification into their own hands, independently verifying accounts to protect identity and defend against fraud.

Why social media needs a decentralized ID verification solution | Biometric Update

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Why social media needs a decentralised ID verification solution

With the development of Web3 and greater adoption of the Metaverse, identity verification will have increasing importance for socialization. In this context, centralized authorities will be unable to meet the demands of consumers. Users need a secure, reliable, and decentralized identity verification solution to protect their personal information and reputation.

Our Chairman and Founder, Lars Seier Christensen shared his thoughts about the pivotal importance of decentralized ID verification solutions for social media with Biometric Update.

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Why social media needs a decentralised ID verification solution.