Several global digital ID initiatives are emerging, aiming to revolutionize how we manage identities using decentralized technologies and emphasizing privacy. While concerns about surveillance have increased scrutiny on these projects, they highlight blockchain’s potential for secure identification. Key players like DigiByte and the Decentralized Identity Foundation (DIF), backed by major tech companies like Microsoft and IBM, emphasize user autonomy and open-source protocols to ensure no central authority controls personal data. These initiatives are paving the way for a future where individuals hold control over their identities and data, with minimal impact on financial markets at this stage.