Spruce is a provider of decentralized identity and data control solutions.Identity and authentication are important elements of sign-on for every service on the internet. Every time people sign up for a new service on the web, such as social media, banking, email and more, they create another set of usernames and passwords.With Spruce’s platform, users can control a single account and credentials that can be used to sign on to numerous different services. Unlike an account with Meta or Google, the credentials and all the data within that account are protected by the Ethereum blockchain and cryptographic keys, meaning that only the user has access to the information and no third party can access it without the user’s permission.The company is building open-source tools to create interoperability standards that allow Web2 applications to take advantage of the fundamentals of Web3, what is known as the decentralized web built on blockchain technology. Those fundamentals include secure self-owned data storage and user-controlled authentication.

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