Authentication Evolution: Convergence of Passkeys and Identity Wallets

In the realm of modern authentication, FIDO and passkeys have launched a new paradigm that is both practical and transformative. Passkey providers have seamlessly integrated the capability to synchronize passkeys across various devices, extending their reach even to different device families. Users enjoy default implementations of passkey providers with each new device, empowering relying parties to leverage passkeys across the multitude of devices.
In contrast, relying parties cannot assume the universal presence of identity wallet functionality on the typical devices used by their customers.
Given the three-year device switch cycle and the concurrent use of multiple devices, cloud storage services have efficiently addressed the migration of standard data between devices. While these services generally have access to data in the clear, they implement safeguards to prevent inadvertent disclosure.
Passkey providers not only synchronize passkeys but also implement robust recovery methods, crucial for scenarios involving the loss or theft of all devices. Similarly, identity wallets, tasked with managing verifiable identity attributes and associated secrets, necessitate safeguards akin to those implemented by passkey providers.
This webinar explores the similarities and differences between passkey providers and identity wallets, offering valuable insights into what identity wallets can glean from the proven methodologies of passkeys.