Trust is not just technical, and it’s not just derived from a process or an organisation. The need for Trust is also variable based on the risk involved in a transaction or the risk appetite of the service provider. Sometimes trust is almost irrelevant. Digital doesn’t make things any easier as we often have multiple parties involved in the communication of trust from issuer to holder of credentials, and on to a relying service not to mention requirements for onboarding, verification, issuance, and authentication to name but a few along the way.
Emerging standards and relentless innovation make many things better, but they also introduce challenges when we want multiple systems to work together and for trust to be largely independent of the underlying technical stacks.
To make Trust work in diverse ecosystems we need clear rules of engagement that champion the needs of all participants and clearly define their responsibilities to one another, and to the wider legal and business ecosystems they ultimately interact with. Efforts in multiple jurisdictions in both the public and private sector are developing these rule sets right now – this is what we can learn from the rise of the Trust Framework.
Data Protection is a very basic and profound concept of translating privacy as a human right into the digital sphere. But is it enough? and are our current approaches the right ones? In this panel we will try to find answers on how we can translate privacy into the (metaverse) future.
"The Right to be Forgotten" presents a conundrum to builders of blockchain solutions, because the focus of most blockchains is to create an indelible, permanent record. This makes "The Right to be Forgotten" appear irreconcilable with blockchains. I will present a solution to "The Right to be Forgotten" that can be applied to most every blockchain, subject to governance approval by the stakeholders. The solution does not violate the integrity of the blockchain record.