But for one thing, the starting assumption should be that not all of the 8 billion people in the world can afford their own web domain and are therefore dependent on a cheap method for their digital identity. Secondly, the past has shown us that web domains and WKDs can be compromised and also how vulnerable the centralized identity providers are to leaks, hacks, outages, and takeovers, precisely because they accumulate so much data. For this reason, people in the field of decentralized identity solutions have come together over the past years to think about a renewal of the Web of Trust (WoT), resulting in the emerge of Self-Souvereign Identity (SSI), Trust Over IP (ToIP) and the W3C standards Verifiable Credentials (VCs) and Decentralized Identifiers (DIDs), among others. 10/11