A Primer and Action Guide to Decentralized Identity

In an increasingly digital world affected by ever-mounting fraud and privacy concerns, digital identity and the security and assurance of identity data is becoming a crucial consideration for public and private sector organizations. However, digital identity as it currently exists with its centralized username and password focus, is insufficient for solving the identity problems we face. When stark use cases like data portability and user control are presented, it’s clear that our existing solutions don’t represent true identity – standalone biometric selfies matched with photo IDs do not make a strong digital identity – and that decentralized digital identity enables much more flexibility.

Along the spectrum, there are solutions that repurpose physical identity modalities for digital credentials. These “point solutions” (i.e. Jumio, Yoti and Plaid) act as placeholders but do not fulfill important principles of identity. Most recently the self-sovereign identity (SSI) community has entered the fold with a renewed interest in creating user-centric identity solutions that adhere to technological principles. Verified.Me by SecureKey Technologies Inc., aims to bridge the gap between these two approaches by providing a robust, principled identity network that relies on technical standards, governance frameworks and active user behaviour as the three pillars of a trusted ecosystem. ..

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