Digitization refers to the transformation of publicly verifiable ownership, identity, and immutability enabled by blockchain technology. With the growth of the digital economy and crypto native ecosystems, participants increasingly need a way to express their digital identity to facilitate fast, verifiable and censorship-resistant transactions on the blockchain. Although Digitization is currently the smallest sector in DACS, it has a wide range of use cases, including helping brands establish digital identity, accept crypto payments directly, and allow patients to digitize their medical records to enable faster exchange of information without loss of privacy.
A Primer on the Digitization Sector in DACS
