Dominica, TRON Partner To Revolutionize Metaverse
Dominica’s Commonwealth has announced a collaboration with TRON and Huobi to create the first government-issued blockchain-based Digital Identity (DID) system. The Dominica Digital Identity (DDID) initiative aims to provide residents and visitors with a more user-friendly and secure method of identity verification, in addition to serving as a distinct digital ID in the upcoming Dominica Metaverse.
The DDID initiative will make cross-border travel easier, as well as facilitate global trade and improve trade agreements. Furthermore, the project will contribute to Caribbean economic stability by making it easier for people to conduct secure cryptocurrency transactions.
Given that TRON has been selected as the country’s official blockchain, the company’s involvement in the project is significant. Seven TRON-based cryptocurrencies, including the Dominica Coin (DMC), have also been authorized for use as legal money on the territory.
(With inputs from Shikha Singh)
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