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Decentralized Identifiers (DIDs) Meaning

Decentralized identifiers are a standardized method for representing identities in a decentralized and self-sovereign manner. A DID is a unique identifier that does not rely on a centralized registry or authority for issuance, resolution, or management. Instead, it is created, controlled, and maintained by the identity owner using decentralized networks such as blockchains or distributed ledgers.

A DID typically resolves to a document containing public keys, service endpoints, and verification methods associated with the identifier. This document allows others to authenticate interactions with the DID holder and verify cryptographic proofs without needing to consult a central database. The holder of the DID controls the associated private keys, enabling them to prove ownership and authorize actions securely.

Decentralized identifiers play a critical role in decentralized digital identity systems. They enable individuals, organizations, and even machines to establish verifiable identities that are portable across platforms and services.

Unlike traditional identifiers such as email addresses or usernames, DIDs are not tied to a single provider and cannot be revoked or reassigned by third parties. DIDs support advanced privacy-preserving techniques, such as selective disclosure and zero-knowledge proofs, allowing users to prove specific claims without revealing their full identity.

This makes them particularly useful in areas such as credential verification, access control, and cross-platform authentication. While adoption is still evolving, decentralized identifiers are widely regarded as a foundational building block for trust, interoperability, and user sovereignty in decentralized systems.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

Nothing on this website shall be construed as a financial promotion, investment advice, or an offer to engage in regulated activities. Access to and use of the software is strictly limited to clients who have entered into a software licensing agreement with Finery Markets. Persons located in jurisdictions where such access is restricted should not rely on this website or any of its contents.

Additional notice to UK visitors: This website and associated communications are not intended to constitute a financial promotion under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) and related guidance. Access to services provided by Finery Markets is limited to regulated entities, professional clients and eligible counterparties as set out by the Financial Conduct Authority. UK users are not permitted to use this website for the services of Finery Markets if they don't fall within these categories.