Your Enterprise IAM is resilient to the Blockchain hype? No, it isn’t. Imagine a world where employees bring their own Blockchain ID – that is where BYOI becomes a reality. Imagine a world where the work contract is related to a Blockchain ID and what that would mean for you joiner, mover, and leaver processes. Imagine a world where managing access can be automated based on smart contracts. There are plenty options. Most of them still uncovered. But once you start looking at what Distributed Ledger Technologies aka Blockchain and Blockchain IDs can do for your IAM, this opens the doors to new horizons. What might sound like a long-term vision might become reality faster than we expect – just due to the obvious business benefits.
Some major challenges have been bugging businesses in the digital age. How to digitally master organizational relationships, how to enable more efficient and scalable digital interactions. Project Mercury is a Finnish ecosystem project which solved some of these challenges with the latest distributed technologies: Sovrin & Corda. In this session we will see a demo and dig deeper into how we in practice demonstrated creation of digital organization identifiers, decentralized digital signatures, representation rights and PSD2 API authorization, to name some.
InfoCert’s core offering, as an EU Trust Service Provider -TSP, includes qualified certificates, time stamps, digital preservation, electronic delivery and identity management services – the kind of „centralized“ trust services many expect the blockchain to supplant. This is not necessarily the case: Sovrin provides a bright example of a distributed infrastructure which enables an ecosystem of Trusted Records issuers and consumers.
Following this vision, InfoCert joined the Sovrin Network as a founding steward. The job included two main activities: the technical set-up of the infrastructure (which, as all initial implants, went through a tuning process) and the participation to the drafting of Sovrin Trust Framework. This second task provided a valuable insight on the differences between the (EU) centrally regulated top-down approach and the (US) bottom-up approach to trust establishment. We expect a new paradigm to emerge from cross-fertilization. As an aside, the early participation to the network offered the necessary vision to start some proof-of-concepts with final users.
