Blog by Anne Bailey

Blog
What Does “Crypto” Mean for Business?
by Anne Bailey
For anyone trying to keep up with “crypto” trends, good luck. Very often, articles and news around “crypto” lumps together everything that is futuristic about currency, investments and payments. As usual, the hype around new or trending concept leads to an overgeneralization of what that concept actually means. Organizations do need to decide what “crypto” means for their business, but they should be on their guard so as not to fall prey to a blind “crypto” craze. There is influence, risk, and legitimate business models to be found in the...
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Predictions for 2022: Decentralized Technologies
by Anne Bailey
KuppingerCole Analysts pay close attention to all topics at the intersection of identity and security. Decentralized technologies often cross paths with these domains and, since it is a dynamic and potentially disruptive influence on “business as usual”, we have compiled a few predictions about developments in 2022: The decentralized identity market segment will continue to grow: Decentralized identity solutions are one of the strongest use cases with solutions already on the market. There have been some interesting acquisitions , partnerships , and investments...
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Avast to Acquire Evernym: Consumer Cybersecurity Meets Decentralized Identity
by Anne Bailey
Avast, a cybersecurity and privacy company, announced on December 9 th 2021 their intent to acquire Evernym. Founded in 1988 in Prague, Czech Republic, Avast focuses both on meeting both consumer and enterprise use cases. On the enterprise side it offers endpoint protection such as patch management, internet/email/web gateway, and content filtering. For consumers, Avast provides a range of security protections and privacy measures for individual devices. Evernym was founded in 2013 in Salt Lake City, UT, USA. It provides blockchain-based decentralized identity solutions that...
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Blueprint for a Digital Health Pass
by Anne Bailey
The Good Health Pass Interoperability Blueprint was released mid-June to help shape the development of a cohesive but decentralized method of issuing, holding, and verifying the results of a COVID status test. The Good Health Pass Collaborative (GHPC) is an open and publicly funded collaborative; it was founded by ID2020 and the working group is managed by the Trust over IP Foundation . The blueprint , which is now available for public comment, lays out the most important and intentional design choices as well as recommendations to implement an interoperable and inclusive system....
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Google Launches Vertex AI
by Anne Bailey
Google has launched Vertex AI , its fully managed artificial intelligence (AI) and machine learning (ML) platform for the enterprise. It tackles the challenge of operationalizing AI/ML projects with automated pipelines, accessibility for business users, data scientists, and ML engineers, and pre-trained APIs for speech, vision, video, and more. The divide between technical know-how and precise customization and implementation of ML models is shrinking rapidly, thanks to AI Service Clouds. Fully Managed will be a Distinguishing Feature Fully managed will become a distinguishing...
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AI Regulation Proposed by EU Commission Walks Fine Line between Prohibition and Innovation Empowerment, with Limited Success
by Anne Bailey
On April 21, 2021, the European Commission proposed a legal framework for Artificial Intelligence that covers all AI systems that impact natural persons within the European Union, regardless of whether they are operated from within or outside the EU. Main goals There are a few stated goals that create the foundation for this proposed regulation. First is that AI systems must be safe and must respect the fundamental rights and values of the European Union. This must be true not only for the outcomes of AI systems, but for the entire value chain of AI development. The commission...
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The Future of Exchanging Value
by Anne Bailey
The European Central Bank (ECB) is exploring a digital euro. Early October 2020, the ECB Governing Council released a whitepaper discussing its initial research on such a project. One of the ECB’s clearest and most repeated messages is that a digital euro will not replace cash, but complement it. A digital euro is meant to facilitate electronic payments, while cash would remain a valid form of payment and the primary form of value storage. The European Central Bank’s Exploration of a Digital Euro This exploratory paper comes as a direct result of a digitalized economy...
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Azure AD Verifiable Credentials Entering Public Preview
by Anne Bailey
Microsoft announced on April 5, 2020 that its Azure AD Verifiable Credentials is now in public preview. This solution enables organizations to design and issue verifiable credentials to their users, be it enterprises issuing employment credentials to their employees, universities enrolling students or issuing diplomas, governments issuing passports, ID cards, and countless other uses. This is an exciting step to meaningfully give agency back to individuals to securely hold and exchange their identity data online and in the physical world. Decentralized Identifiers (DIDs) are a...
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OneTrust Acquisition of Convercent
by Anne Bailey
OneTrust, provider of data privacy, security, and governance solutions has announced that it will acquire Convercent, an enterprise GRC solution with an ethics and compliance portal. Slotting itself as a strategic acquisition, the two companies will be aligning and merging their products to actualize trust for the enterprise. The deal is intended to be finalized in mid-April. Expanding the ways to build trust Building trust is a multifaceted task that encompasses the relationships an organization has with all stakeholders. OneTrust works with a trust framework where establishing...
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Privacy Seekers Are Really Looking for Life Management Platforms
by Anne Bailey
Privacy-sensitive users are drawn to solutions with certain features: end-to-end encryption, granular consent, data ownership, and secure storage. But what is it that privacy can really do for users, and is there a non-exploitative business model in it for companies? KuppingerCole envisioned Life Management Platforms back in 2012 as the pathway to individual data sovereignty. Data sovereignty is incrementally being introduced as a right of individuals, with principles being introduced in the European GDPR, the Canadian PIPEDA, the CCPA, and others. While these regulations manage the...
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