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Identity and access management (IAM) embraces a broad swath of IT practice. This practice is subject to two forces pushing it towards greater prominence: increasing threat actor activity and increasing infrastructure complexity. In response, we see increasing sophistication of the tools used to deal with both.
Web3 technology has unique characteristics that lend it to dealing with IAM. To begin with, Web3 is built upon cryptography, with an unprecedented level of inherent privacy. The validity of the blockchain is predicated on encryption; every piece of on-chain data is by its nature protected to a degree.