Litentry and Decentralized Identity

Kraken Bitcoin Exchange published this video item, entitled “Litentry and Decentralized Identity” – below is their description.

Hanwen Cheng, founder and CEO of Litentry, sat down with Brian to chat about their Polkadot project, providing decentralized identity services, and his time at Parity. Leave your ID at home and join us for this informative conversation.
Recorded December 6, 2021
00:00 Intro
00:59 Meet Hanwen
01:30 What is Litentry?
02:30 Hanwen’s background
03:36 What is the Litentry team like?
05:00 Blockchain experience
06:11 Use all the funds on gas fees?
07:53 What were you doing at Parity?
08:10 Identifying identity as an issue in Web3
12:00 What is the purpose of Litentry?
14:38 How is the scoring done?
15:40 Creating a social score?
17:38 How do you protect the aggregated information?
20:18 Is the scoring happening in real time?
23:17 Wait. NFTs can actually be useful?
28:51 What has your experience been launching a parachain project?
34:49 Collaborations and Integrations
40:40 What’s been the biggest challenge?
43:33 Thoughts on Facebook pushing the metaverse?
46:30 Where can we find Litentry online?
48:03 Outro
48:15 Disclaimer
For more information on Litentry:
https://www.litentry.com/
https://twitter.com/litentry
⚠️ Be sure to follow us on your favourite podcast platform.
👉Apple: https://podcasts.apple.com/ca/podcast/parachain-auctions/id1567923627
👉 Spotify: https://open.spotify.com/show/0LcLxV4tYLPLNN5ZEmyyWd
🤔 What are Parachains? 🤔
Parachains are custom blockchains that are integrated within the Kusama network. They can be customized for any number of use cases and feed into the main blockchain and heart of its network, called the Relay Chain, thus benefiting from Kusama’s network security.
📚 Parachain slot auctions take advantage of Polkadot and Kusama’s ability to give developers ways to create new crypto assets and decentralized applications (dapps) on top of its blockchain.
📝 Importantly, only 100 parachain slots are expected to be available, a number that is flexible and subject to change by governance vote over time. To claim one of these slots, the parachain projects have to win a parachain slot auction.
📷 For Kusama auctions, the project with the most KSM bonded to support its bid, at the time the auction snapshot is taken, will generally be able to claim the auctioned parachain slot.
📣 Projects may, in their discretion, give rewards to contributors who support their winning bid.
📌 If the auction is lost, the KSM bonded by contributors may be re-claimed at the end of that project’s specified campaign duration, which may last for one or more auctions.
👨‍💻 Where to learn more about Parachain Slot Auctions:
👉 Kraken Learn: https://www.kraken.com/en-gb/learn/parachain-auctions
📌 Kraken Blog: https://blog.kraken.com/post/9438
📜 Kraken Support Centre: https://support.kraken.com/hc/en-us/articles/360060824412
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#litentry #parity #polkadot #web3 #parachainauctions #DOT #auctions #para #web3foundation #KSM
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In smaller organizations, voting can occur in different ways. Formally via ballot to elect others for example within a workplace, to elect members of political associations or to choose roles for others. Informally voting could occur as a spoken agreement or as a verbal gesture like a raised hand or electronically.