• Neha Misra

The Future of Technology : Decentralised Identity

Decentralized identifiers (DIDs) are a new type of identifier that enable verifiable, decentralized digital identity. A DID identifies any subject (e.g., a person, organization, thing, data model, abstract entity, etc.) that the controller of the DID decides that it identifies. In contrast to typical, federated identifiers, DIDs have been designed so that they may be decoupled from centralized registries, identity providers, and certificate authorities. Specifically, while other parties might be used to help enable the discovery of information related to a DID, the design enables the controller of a DID to prove control over it without requiring permission from any other party. As Sharat Chandra, emerging tech evangelist discusses in this issue of the digital-first magazine, "Over the past decade, different versions of distributed ledger technology (DLT) came to the market. The Self-Sovereign Identity (SSI) is the next-generation identity platform that leverages the benefits of DLT technology. With this new model, there would be no central repository of identity, and all individuals and organizations would be able to secure their personal data in their own privately owned wallet. "

Imagine a world where you control the information you share, a world that is not divided by boundaries, and enables the future of technology with the security and trust features that blockchain-based authentication can provide. Blockchain, the incredible technology behind Decentralised Identities is what is causing a phenomenal shift in security and trust.

We're hosting the biggest conclave on decentralised identity in collaboration with EarthID, Government Blockchain Association, UK and USA and Consensys, this October 8, 2020 where legends in the blockchain space will join hands to talk about the future of DID and its applications across FinTech and Healthcare. Register here: https://www.eventbrite.co.uk/e/decentralized-identity-the-next-generation-revolution-tickets-121512129049 to hear these experts speak about decentralised identity.

Shiv Aggarwal, CEO, EarthID and GBA President for UK will talk about decentralized identity and its applications leading the way for our panel discussions.

Our first-panel discussion focussed on fintech will have industry leaders, Jeff Peel technology sector specialist for the UK government at the Department for International Trade, Arwen Smit, author of Identity reboot, Lex Sokolin, global fintech co-head, Consensys and Debajani Mohanty, author of 5 books on blockchain and a bestselling book on Self-sovereign identity talking about the applications of DID in Fintech.

Our second-panel discussion will talk about the use of decentralized identity in healthcare and will have Heather Leigh Flannery, Founder and CEO, Consensys Health, Indira Mysore, Blockchain Evangelist and Advisor, Consensys Health, Ingrid Vasiliu-Feltes: CQIA MEDNAX, WBAF Senator, Chief Ethics Officer GBA , Rakesh Sreerambhatla : Healthcare IT leader in discussion moderated by Gerard Dache, Executive Director, GBA. Join us as we unravel the role DIDs (particularly SSIDs) and Verifiable Credentials (VCs) play in the evolution of blockchain-facilitated, privacy-preserving federated compute (federated analytics, federated learning), and how this connects to data sovereignty, dignity, and agency. Subscribe to The Fin Lit Project and learn more about the upcoming developments in finance and technology.

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