Self-sovereign identity

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Self-sovereign identity, or SSI, is the idea that "an individual should own and control their identity without the intervening administrative authorities." This movement seeks to grant control over personal data to individuals rather than leaving access to private credentials to administrative third parties. As a result, "a person’s digital existence is now independent of any organization." [1] It is also called digital identity.[2]

Background

In 2016, Christopher Allen, an Executive Director and Principal Architect of Blockchain Commons, wrote an article "discussing the history of digital identity and laying out principles for creating a new sort of identity, based on individual control and human rights." Since then, the notion of self-sovereignty has shifted to a push for individual freedom in making decisions about assets, without any intervention from other gatekeepers. Allen identifies the 10 principles of self-sovereign identity as existence, control, access, transparency, persistence, portability, interoperability, consent, minimization, and protection. [3]

Relevance Today

How has this industry developed? Has it gathered public or commercial attention? Are established companies working on / using it? Where is it being utilized?

Future Potential

SSI has the potential to create a singular identity for ever individual. As a result, with credible and verifiable identification, SSI can eliminate the need for numerous online passwords, secure private messaging, and personalize internet use, essentially creating a trustable internet with more fluid interactions. [4]

See Also

Other Relevant Companies and Organizations

https://www.coindesk.com/micorosfts-ion-digital-id-network-live-bitcoin

References

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