@FuzboleroXV

Here, IMO (which is default, ofc.) you are trying to solve political dilemma, using technological mindset. It is legit and understandable, considering the background you described, but I do not think it is going to work. Here's my take:

"...the #people might be rendered totally powerless against #algorithm owners, if we don't IN TIME get #transparency controlled by decentraliced #digitalidentity in place."

I do not see connection between two parts.
What you write is (making a flop):
"#transparency controlled by decentraliced #digitalidentity" is a necessary condition to avoid "#people being rendered totally powerless against #algorithm owners".

Formally speaking, it is true. But the necessary condition is not sufficient. Luckily, you refer to certain aspects that give us a hint about changes necessary and sufficient to prevent this situation.
-- human value coming from wage labour
-- ownership (of algorithms -- a.k.a. "intellectual property") as political leverage.

On my long-ish list of papers to write (waiting for someone to pay my rent for half a year so I can write them) I have a piece about creating capitalism-free social space, explaining need for it in terms of systems thinking.
I believe that challeging capitalist logic (and autopoiesis of capitalism as a complex system) is the only way to protect us from being fully commodified.

I see social networks as possible vehicles (and prefiguration bubbles) for such challenge.