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SSI: The Trillion Dollar Business Opportunity

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https://ssimeetup.org/ssi-trillion-dollar-business-opportunity-webinar-34/
This webinar, based on a panel of the same name held at Seattle Devcon in July 2019, will feature four experts from different areas of the digital identity industry explaining why they believe Self-Sovereign Identity (SSI) is one of the most significant applications of blockchain technology to enable all kind of new business model for the digital economy.

Panelists will include Chris Spanton, Principal Architect—Blockchain at T-Mobile; Vaughan Emery, CEO of Datafi Labs; and Drummond Reed, Chief Trust Officer at Evernym and a Trustee of the Sovrin Foundation.

Published in: Internet
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SSI: The Trillion Dollar Business Opportunity

  1. 1. SSI: The Trillion Dollar Business Opportunity This presentation is released under a Creative Commons license. (CC BY-SA 4.0). SSIMeetup.org Drummond Reed, Chief Trust Officer Evernym Chris Spanton, Principal Architect—Blockchain, T-Mobile Vaughan Emery, CEO of Datafi Labs
  2. 2. 1. Empower global SSI communities 2. Open to everyone interested in SSI 3. All content is shared with CC BY SA SSIMeetup.org Alex Preukschat @SSIMeetup @AlexPreukschat Coordinating Node SSIMeetup.org https://creativecommons.org/licenses/by-sa/4.0/ SSIMeetup objectives
  3. 3. SSI: The Trillion Dollar Business Opportunity This presentation is released under a Creative Commons license. (CC BY-SA 4.0). SSIMeetup.org Drummond Reed, Chief Trust Officer Evernym Chris Spanton, Principal Architect—Blockchain, T-Mobile Vaughan Emery, CEO of Datafi Labs
  4. 4. 4 ssimeetup.org · CC BY-SA 4.0 International
  5. 5. ssimeetup.org · CC BY-SA 4.0 International
  6. 6. ssimeetup.org · CC BY-SA 4.0 International
  7. 7. Digital Identity Is Needed 7 Current state of Information Technology: ● User Id and passwords are too easily compromised ● The global datashere is growing faster each year ● The number of connected devices increasing 1 IDC Global DataSphere Reports ssimeetup.org · CC BY-SA 4.0 International
  8. 8. Digital Identity Is Needed - The Data Problem 8 175 billion terabytes of new data created annually by 2025 1 1 IDC Global DataSphere Reports We Are Here ssimeetup.org · CC BY-SA 4.0 International
  9. 9. Digital Identity Is Needed - The Data Problem 9 2018 Enterprise Datasphere by Industry (Exabytes) Annual Data Growth Rate of The Top Five Industries 1 IDC Global DataSphere Reports ssimeetup.org · CC BY-SA 4.0 International
  10. 10. Digital Identity Is Needed - The Device Problem 10 150 billion endpoints connected and accessing this data by 2025 Things Contributing To The Data Growth 1 1 IDC Global DataSphere Reports “That’s about ~20 connected devices per person” ssimeetup.org · CC BY-SA 4.0 International
  11. 11. Data and Identity Theft Increasing 11 12,499 Data Breaches reported in 2018 - this is 424% increase over 2017 1 1 4iQ Identity Breach Report 2019 World’s Biggest Data Breaches & Hacks: http://informationisbeautiful.net ssimeetup.org · CC BY-SA 4.0 International
  12. 12. Data and Identity Theft Increasing 12 14.9 Billion Identity Records circulating on the dark web - this is a 71% increase over 2017 1 4iQ Identity Breach Report 2019 ssimeetup.org · CC BY-SA 4.0 International
  13. 13. Where Do We Go From Here 13 The use of Digital Identities is viewed by many as one of the primary methods to counter the cybersecurity trends 1 4iQ Identity Breach Report 2019 ssimeetup.org · CC BY-SA 4.0 International
  14. 14. SSI in 3 Easy Steps
  15. 15. #1: Centralized Identity OrgYou Account ssimeetup.org · CC BY-SA 4.0 International
  16. 16. #2: Federated Identity OrgYou Identity ProviderAccount ssimeetup.org · CC BY-SA 4.0 International
  17. 17. #3: Self-Sovereign Identity (SSI) PeerYou Blockchain Connection ssimeetup.org · CC BY-SA 4.0 International
  18. 18. #3: Self-Sovereign Identity (SSI) Blockchain Connection Digital Wallet w/ Private Keys & Credentials Digital Wallet w/ Private Keys & Credentials Your Agent Peer Agent Public Key Public KeyDIDDID ssimeetup.org · CC BY-SA 4.0 International
  19. 19. Solves the decentralized PKI (public key infrastructure) problem #3: Self-Sovereign Identity (SSI) Blockchain Connection Digital Wallet w/ Private Keys & Credentials Digital Wallet w/ Private Keys & Credentials Your Agent Peer Agent Public Key Public KeyDIDDID ssimeetup.org · CC BY-SA 4.0 International
  20. 20. In essence, SSI is… 20 ssimeetup.org · CC BY-SA 4.0 International
  21. 21. Verifiable Credentials
  22. 22. W3C Verifiable Credentials Ecosystem Holder/ Prover Issuer Verifier Issues Credential Presents Proof Decentralized Identifiers (DIDs) Public Blockchain or other DID Network Signs Credential Verifies Signature Wallet Requests Credential Requests Proof ssimeetup.org · CC BY-SA 4.0 International
  23. 23. The Trust Triangle ssimeetup.org · CC BY-SA 4.0 International
  24. 24. Governance Frameworks ssimeetup.org · CC BY-SA 4.0 International
  25. 25. The SSI Stack
  26. 26. Where’s the code?
  27. 27. The Hyperledger Greenhouse ssimeetup.org · CC BY-SA 4.0 International
  28. 28. Questions? ssimeetup.org · CC BY-SA 4.0 International Drummond Reed, Chief Trust Officer Evernym Chris Spanton, Principal Architect—Blockchain, T-Mobile Vaughan Emery, CEO of Datafi Labs

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