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CRUD chains

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Thinking out loud about how identity and the blockchain might come together, if we can be clear about what identity is and what a blockchain is.

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CRUD chains

  1. 1. www.chyp.comPlease Copy and Distribute1 The Blockchain and Identity The 3D-ID model and why we might want to store CRUD on the shared ledger Dutch Blockchain Congress Amsterdam June 2016
  2. 2. www.chyp.comPlease Copy and Distribute David G.W. Birch Director of Innovation at Consult Hyperion, Visiting Professor, University of Surrey Business School An internationally-recognised thought leader in digital identity and digital money; Named one of the global top 15 favourite sources of business information (Wired magazine); In the London FinTech top 10 most influential commentators (City A.M.); One of the top ten Twitter accounts followed by innovators, along with Bill Gates and Richard Branson (PR Daily); One of the top ten most influential voices in banking (Financial Brand); Named one of the “Fintech Titans” (NextBank); Ranked Europe’s most influential commentator on emerging payments (Total Payments magazine). 2
  3. 3. www.chyp.comPlease Copy and Distribute Structure 3 A simple “three domain” model to help us think about digital identity and its relationship to shared ledgers. An explanation (!) of why a shared ledger for identity transactions might be innovative. A discussion of practical options.
  4. 4. www.chyp.comPlease Copy and Distribute Digital Identity Model 4 Digital Identity A simple model to aid discussion
  5. 5. www.chyp.comPlease Copy and Distribute Identification Problem: Trolls 5 People should be able to interact pseudonymously! Linking virtual identities to digital identities is easy so just do it! Let people have lots of virtual identities!
  6. 6. www.chyp.comPlease Copy and Distribute A Three Domain Model 6
  7. 7. www.chyp.comPlease Copy and Distribute Identification Domain Binding a digital identity to a mundane identity is expensive 7
  8. 8. www.chyp.comPlease Copy and Distribute Authentication Domain For the foreseeable future, mobile the mass market 8
  9. 9. www.chyp.comPlease Copy and Distribute Authorisation Domain Allow me to… get on a plane 9
  10. 10. www.chyp.comPlease Copy and Distribute Adding a Shared Ledger 10 Where is the Connection? How do we connect identity to the blockchain or any other kind of shared ledger?
  11. 11. www.chyp.comPlease Copy and Distribute 3D-ID and the Shared Ledger Hpw do we connect identity to a blockchain (or any other shared ledger) then? 11
  12. 12. www.chyp.comPlease Copy and Distribute Identification Domain We could put “real” identity to the blockchain 12
  13. 13. www.chyp.comPlease Copy and Distribute Authentication Domain We can put the digital identity (ie, a key pair) on the blockchain (ie, a wallet) 13
  14. 14. www.chyp.comPlease Copy and Distribute Authorisation Domain The blockchain as an immutable history of (pseudonymous) virtual identites 14
  15. 15. www.chyp.comPlease Copy and Distribute So What? Identity as a shared ledger application 15
  16. 16. www.chyp.comPlease Copy and Distribute A Worked Example 16 KYC Thought Experiment OK, is this a mass market solution?
  17. 17. www.chyp.comPlease Copy and Distribute A Blockchain Implementation Implement the identity ledger as a layer on the blockchain (eg, Blockstream) 17
  18. 18. www.chyp.comPlease Copy and Distribute A Blockchain Implementation Implement the identity ledger as a layer on the blockchain (eg, Blockstream) 18
  19. 19. www.chyp.comPlease Copy and Distribute Customer Presents 19 The customer wants to do something, like log in to a bank or something similar The customer points to a financial services identity smart contract on the blockchain – sends a transactions to the bank smart contract
  20. 20. www.chyp.comPlease Copy and Distribute Customer Authenticates The customer demonstrates they have access to the private key (the wallet) 20
  21. 21. www.chyp.comPlease Copy and Distribute Contact 21 Browse www.chyp.com Follow @chyppings Mail info@chyp.com Comment http://www.chyp.com/media/blog/ Listen http://www.chyp.com/media/podcasts/ Consult Hyperion UK Tweed House, 12 The Mount Guildford, Surrey GU24HN, UK. +44 1483 301793 Consult Hyperion USA 535 Madison Avenue, 19th Floor New York, NY 10022, USA. +1 888 835 6124
  22. 22. www.chyp.comPlease Copy and Distribute Who Are Consult Hyperion? Consult Hyperion specialises in working out the opportunities and threats which result from the harmony and collision of security, networks and transactions. We are constantly assessing these factors, as they change continuously, and delivering ideas, solutions and products to our clients 22
  23. 23. www.chyp.comPlease Copy and Distribute Who Do They Work? We have a structured and practical approach to secure electronic transaction systems from the local to the global 23 Strategy Roadmapping Market Analysis Business Modelling Prototyping Requirements Analysis Risk Analysis System Architecture Technical Specification Procurement Support Software Development Vendor Management Project Management Certification Management Acceptance Testing Evaluation We can help clients in all phases of the product and service lifecycle, from the whiteboard scribble to the person in the street’s everyday use
  24. 24. www.chyp.comPlease Copy and Distribute Consult Hyperion… 24
  25. 25. www.chyp.comPlease Copy and Distribute Learn the world of tomorrow’s transactions Understanding the Blockchain • 7th April Mobile & Cloud- Based Payments • 10th May The World of Payment Acceptance & mPOS • 11th May Digital Identity & Authentication • 24th May Our new education programme Demystify the Blockchain & Bitcoin to understand what it means for your business & the future of transactions Easy-to-understand introduction into the key concepts, practical implications and opportunities that this technology could bring to financial services and other sectors? Essential learning on implementing & launching mobile NFC or tokenised m-payment services Key aspects of Secure Element (SE) & Host Card Emulation (HCE) technologies, deployment models, tokenisation & credential management are all covered Understand the new POS world driven by innovation in an ever changing retail payment environment Whether an acquirer, payment provider or retailer, learn how to build the right business case, strategies & solutions to meet the opportunities of the new world of payments Learn the importance of trusted transactions in a digitally connected world and what it means for your business Valuable insight into balancing risk reduction vs customer experience; showing you how to select, implement and manage the right identity solutions for your business In partnership withTo register / more information: www.paymentbusinessschool/events

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