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Payment Solutions in the Decentralized ID Ecosystem

Payment Solutions in the Decentralized ID Ecosystem

Combined Session
Wednesday, June 05, 2024 12:20—12:40
Location: B 09

In the ever-evolving landscape of digital identities, the integration of secure and efficient payment solutions within Decentralized ID ecosystems represents a critical advancement. This talk delves into innovative methodologies for facilitating payments for issuing, presenting, and verifying digital credentials. Throughout the presentation a range of possibilities that enable both the payment and receipt of funds in the context of SSI will be covered. The discussion will focus on real-world use cases, demonstrating the practical application of these concepts. A central aspect of the presentation is the examination of the smartphone app 'Hidy,' which serves as a prime example of these principles in action. Attendees will gain insights into the complexities and nuances of incorporating financial transactions within the SSI framework. The presentation aims to provide a comprehensive understanding of how payment solutions can be effectively implemented, ensuring both security and user convenience. This session is particularly relevant for those interested in the intersection of digital identity and credential verification and financial technology, offering a glimpse into the future of secure, decentralized identity management and transactions.

Michael Meisel
Project Manager
University of Applied Sciences Mittweida
Since 2021, Michael Meisel has been leading the team at the University of Applied Sciences Mittweida in the 'ID-Ideal' project as part of the 'Schaufenster Sichere Digitale Identitäten'...
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