Self sovereign decentralised identities with verified claims on blockchain are slowly becoming reality. On the other hand, the concept of decentralised identities has been around for a while and in EU we already have frameworks and some existing technologies with capabilities to support this concept. Taking this into consideration, it appears that at least in EU we can accelerate the real world traction of SSIDs with blockchain-based proofs by bridging already deployed eIDAS compatible infrastructure with the next generation decentralised technologies.
At finID open source project we are working on an end-user technologies backed by blockchain smart contracts and trust aggregation oracles to build this bridge between existing and new DID technologies with the sustainable business model for the whole identity ecosystem.
Key Takeaways:
There are currently two strong winds blowing through the Consumer Identity world as we know it. One is clearly stronger privacy and data protection laws, GDPR in Europe being a good example of it. Such an important topic has already influenced the capabilities CIAM systems need to have and introduced the new topic of Consent management. The other strong wind is clearly Digital Transformation. With many companies integrating digital technology into all areas of their business, this fundamentally changes the way they operate, deliver value and communicate to customers. These two strong influencers will redefine CIAM.
Key Takeaways:
