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SaaSHub
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Anyone can create a DID method. Companies or communities may create a custom DID method to fit a specific use case or live on a specific type of ledger. However, to ensure the DID method is recognized, interoperable, and meets the correct standards, it's strongly recommended to include the DID method on the W3C DID Spec Registry.
In 1994, Tim Berners Lee, the creator of the World Wide Web, founded the World Wide Web Consortium (W3C). The W3C is made up of groups of people focused on setting the best practices and standards for building the web. For example, the W3C develops and maintains standards for HTML, CSS, Web Accessibility, and Web Security. In July 2022, The W3C officially published standards for Decentralized Identifiers. This way, technologists would have blueprint for building and managing digital identity as we make the shift towards controlling your identity on the internet. Check out the Decentralized Identifiers specification here.
At TBD, we actually took a blockchain-less approach. We anchored DID:DHT to BitTorrent. As mentioned above, DID:DHT uses a Mainline DHT, which is a distributed hash table used by the BitTorrent protocol.
Many organizations are working hard to answer this question. Some are going passwordless via passkeys. Others, like the Open Researched and Contributor ID (ORCID), implemented digital identifiers to associate publications, research, and open source contributions with a particular researcher.
TBD is the company I work at. It's a business unit within Block. created its own DID method called DID:DHT. DHT stands for Distributed Hash Table indicating the use of Mainline DHT. You can learn more about DID:DHT via the spec and this blog post from TBD’s Director of Open Standards, Gabe Cohen.