Digital identity privacy has become a critical modern issue for individuals who want control over their personal data and organizations that collect and maintain it. Privacy laws and initiatives are expanding worldwide, including the EU’s GDPR, APEC’s Cross-Border Privacy Rules to support trusted data flows between economies, and emerging US state laws driven by major breaches and scandals. Vermont requires data brokers to register, disclose what they collect, provide opt-out options, notify on breaches, and enable legal recourse, while California’s Consumer Privacy Act takes effect in 2020. At the same time, organizations must often meet KYC and AML obligations, creating tension between verifying users and minimizing data collection.
Sphere Identity proposes a blockchain-based self-sovereign identity approach where individuals hold verifiable credentials and control attribute sharing. Organizations benefit by relying on validation performed by trusted entities (such as banks or governments) and by reducing the need to store and manage sensitive credentials. The platform emphasizes usability, privacy controls and granularity, economic incentives for both consumers and businesses, and governance to build trust.
Sphere Identity delivers a consumer mobile app (iOS/Android) and a business web application integrated via SDK/API. Consumers upload identity documents, manage consent, and receive simplified consent language plus cross-border transfer risk notifications. When consent is granted, data is shared with the business and consumers receive Ethereum smart-contract rewards; a wallet and seed-phrase recovery are included. Passwords are avoided in favor of MFA (keys + fingerprint or PIN). The SaaS platform provides document verification, scoring, subscription management, consent lifecycle management, and encrypted document storage, using Ethereum and distributed storage for resilience and integrity. Business access is controlled through shared-key encryption derived from both parties’ key pairs, and businesses can choose among Zero Data (zero-knowledge proof), Data Only, or Data + Downloads offerings. Strengths include one-click onboarding, GDPR alignment, and Security/Privacy by Design; challenges include SMS-based MFA for admins, limited device roaming, seed-phrase recovery risk, beta maturity, and a geographically constrained initial market.
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