Offer your customers a streamlined experience with automated, hassle-free user journeys.
Instantly onboard and authenticate your customers with reusable, cost- and time-reducing KYC credentials.
Comply with regulatory requirements (including GDPR) via built-in data and privacy mechanisms.
Blockchain technology is the missing piece that allows Self Sovereign Identity to become a reality. In the context of SSI, Blockchain technology solves several problems that have plagued the world of digital identities to date.
Thanks to the combination of the use of asymmetric cryptography and distributed networks such as a Blockchain, it is possible for the user to autonomously generate an identifier (DID) that he can prove he possesses (along with all the attributes associated with that DID). The Blockchain thus becomes a fundamental component where the DIDs belonging to users can be tracked. They are no longer in the form of identifiers within a centralised database, but can be identified above a public, immutable and transparent network.
Each individual owns their credentials in a 'separate' form from the Blockchain, simply within their wallet. The open network that is the Blockchain in the SSI environment can be useful for managing revocations of such credentials. The centralised revocation lists (lists where all revoked credentials are recorded) remain closed to most people. For this reason, it is not possible to be truly Self-Sovereign (completely sovereign of one's identity), and it is therefore necessary to open these revocation lists, which serve to check the validity of a credential.
In this respect, the Blockchain is a perfect combination of openness and transparency, where Verifiers are able to independently verify on such a distributed network the validity (or non-validity) of a credential. For these reasons, the use of a network such as the Blockchain can certainly be an enabler of Self Sovereign Identity.
https://www.selfsovereignident...
https://www.okta.com/blog/2021...
The arrow of progress is moving from offline identity (real human) to a hybrid identity where we port our real identity to an online environment. The next step could be to create a native online identity, with a reputation that is portable (Pseudonyms).
In person (ID) >> Hybrid (verified) >> online born (Pseudonym)