EIC Speaker Spotlight: Carsten Stöcker

The current state is determined by industry players and government that are realizing the importance of digital identity, the importance of digital identity for interactions on the internet for digital transformations and for digital digitization of public services. And this is not only happening here in, in Germany and the, in the European union European union, for example, is pushing very hard on the so-called EU digital identity wallet.

So there's a large movement in the government to put this in place, to stay competitive in the digitization of our societies and industries, but it's also happening in us and in Asia. Yeah. A lot of governments enterprise are realizing importance and are now starting to adopt technology to push this into the field test and to experiment with regulatory frameworks, to get these technologies into production.

Yeah, it's not just important. It's also mandatory. And if you look at the sheer numbers, so I, as a corporate or as a government have terabyte and terabyte of data in my it systems, but today I don't have any instruments to check the authenticity of the data. So who provided the data, which other government entity, which citizen, which customer, which IOT device, which business partner who provides the data. I don't have any instruments. And I also don't have in instruments to check the integrity of the data.

And that's now changing with digital identity technology built upon public key infrastructure. I certainly have the tools to check authenticity, integrity, provenance of my data. I can trust my data even more. And especially in use cases, we have to interact with a lot of previously unknown supply chain actors. This is a must have capability and think about product fraud and think about products. Product passes for circular economy. Think about supplier onboarding. Can I trust my supplier is a supplier now real or fake?

What credentials do they have as a compliant with environment health, safety standards? Do I trust the IOT device is a severe IOT device from the real OEM or fake IOT device from a malicious actor from Hacka that wants to manipulate a system. I cannot answer these questions today, but with digital identity digital signatures, I get all the instruments to bring digitization to the next level. And not only to improve business processes, regulatory requirements, but also improve cybersecurity quite a bit.

So we experience most adoption in ecosystems that have a clear problem to be solved, especially when it's regulatory problems, regulatory requirements, where I must do something. I must prove something. I must verify something. And we experiment experiencing a lot of adoption when there's government push. For example, in Europe and Germany, governments wants to keep up with digitization and they have understood digital identities, core, core capabilities, and they really push hard and they push hard to build entire ecosystems.

And that's fundamental importance because technology is not just for one company. It's basically for ecosystems. It needs to be adopted by a lot of supply chain and value chain actors and ecosystem actors. And that's so crucial. That's a so crucial role of the government to push hard, to get anti ecosystems in place and even help out with some regulatory requirements and regulatory requirement amendments, and very experiencing the biggest adoption when comes to early productive systems and productive fuel tests.

Yeah, Sure. I will talk about the so-called us drug supply chain security act. And there's one requirement that the authorized trading partner requirement, what problem does itself. It basically solves the problem. Then previously unknown supply chain actors, such as the manufacturer and the wholesalers. They have wholesaler. They have never met before, but they would like to exchange data. Then the law says you must authorize and authenticate your supply chain partner, which means I, as a wholesaler, when I am interacting with the manufacturer, I must check is re manufacturer.

And does the manufacturer has a state license to manufacture pharmaceutical products? I must check the state license today. That's many courses. That's an courses. Process takes a long time and this digital identity verified the signatures. This can be fully digitized. In addition, what we also speak at the E I C. So we talk about whole of partnerships, strong partnerships, the rights partnerships to build an anti ecosystem and to drive full adoption of, of an anti-industry domain, because only if the full adoption could be achieved, then it's a massively scalable technology.

And yeah, interested in this use case, learn more. I.