Exploring the convergence of passwordless authentication and decentralized identity for enhanced security and user empowerment., The rapid advancement of digital technologies has underscored the critical necessity for robust and reliable identity verification systems in today's interconnected world. Traditional centralized identity management systems encounter myriad challenges, from vulnerabilities to data breaches and privacy concerns, to inefficiencies inherent in verification processes. This paper delves into the , Decentralized identity has emerged as one of the most promising and complex shifts in digital identity, with major implications for IAM and ID verification. But as adoption grows and ID wallet ecosystems emerge, so do the questions: Can decentralized identity truly deliver on its promise?, This work highly focuses on the novel decentralized identity systems based on blockchain; a complete study describing their architecture, components, lifecycle and workflow is detailed., As society increasingly relies on digital services, identity management becomes increasingly vital. Decentralized identity offers a novel approach to address today’s identity challenges, putting users in control of their own digital identities and personal data., The world’s largest database of decentralized identity projects was unveiled today in Zurich, Switzerland by investment firm Key State Capital..