Metaverse Security: Decentralized Identity with DID Comm and Hyperledger Indy for Asset Tokenization

Abstract

The metaverse is an emerging digital environment where virtual identities, assets, and interactions are becoming integral to online experiences. However, the decentralized and interconnected nature of this space introduces complex security challenges. This paper examines the integration of decentralized identity (DID) protocols, particularly leveraging Hyperledger Indy and Aries, to establish secure and verifiable digital identities for avatars. It also explores asset tokenization using ERC-1155 smart contracts, highlighting their potential for secure transactions while addressing associated vulnerabilities. Additionally, the paper addresses the security gaps in WebGL rendering and Unity SDKs, proposing a systematic approach to mitigate vulnerabilities like cross-site scripting (XSS). The proposed solutions aim to standardize identity protocols, strengthen asset tokenization security, enhance data privacy, and promote consistent security practices across metaverse platforms. This research contributes to creating a more secure, resilient, and user-centric metaverse environment.