WASHINGTON, D.C. (March 15, 2023) – The Web3 ID Coalition today announces its formal launch as a member-based nonprofit organization that unites technology, industry and government leaders to inform public policy that paves the way for secure, portable, and trusted digital identities. Its mission: to advocate for legislation that gives individuals, rather than corporations, ownership of their digital identities.
“We envision a future in which individuals have control over their digital identities, empowering them to choose which personal data they want to share, monetize or keep private, for greater economic opportunity, freedom and security for all,” said Sena Loyd, President, Web3 ID Coalition. “Adoption of Web3 and other next-generation internet technologies is creating urgency to help government leaders gain a bipartisan understanding of Web3 digital identity. As industry leaders and technology experts, Web3 ID Coalition members are poised to share their knowledge and catalyze a movement toward personal data ownership.”
Key activities will focus on defining a shared Web3 ID taxonomy, assessing digital identity technology standards, and forging public-private sector relationships as part of the Web3 ID Coalition’s overall 2023 policy agenda, which includes the following set of priorities:
- Public advocacy for Web3 ID adoption by the executive branch
- Policy advocacy for the inclusion of Web3 ID taxonomy in Code of Federal Regulation.
- Combating rampant identity theft impacting Americans by working with policymakers on practical solutions
- Policy advocacy for the Improving Digital Identity Act
About the Web3 ID Coalition
The Web3 ID Coalition unites technology, industry, and government leaders in the pursuit of digital identity ownership, for all. We advocate for public policy that shifts control of digital identity away from large corporations to where it rightfully belongs: with individuals. Our advocacy, programming and research paves the way for secure, portable and trusted digital identities using a decentralized, distributed, and blockchain-based Internet, empowering individuals and businesses in the transition from Web2 to Web3 and beyond. Together, we can make it happen. We are a 501c(6) nonprofit organization. Visit us at www.Web3IDCoalition.org.
