Lakshmi Srinivasan from TCS, explores why blockchain and self-sovereign identity are key to developing an organisation’s hidden talent
Self-sovereign identity blends the principles of identity data ownership and management with technologies that implement those principles.
Blockchain and and self-sovereign identity are the key to developing an organisation’s hidden talent.
Remote technology has significantly changed the way we communicate, learn and work. This was already the case before the Covid-19 pandemic, but this crisis has expedited the potential and wide-scale capabilities of these remote tools.
As the global digital economy expands on top of a vast internet universe, frictionless exchange between individuals, organisations and devices will become the norm.
Likewise, the ability to ensure transparency, security and ultimately trust will be essential.
In order to achieve these capabilities, the adoption of blockchain technology, and with it, self-sovereign identity (SSI) software, needs to become a vital part of an organisation’s software portfolio.
Although internet users can be highly certain of the authenticity of the websites they visit, there is no way they can reliably know the identity of the people, organisations and other entities that control those websites or with whom they communicate with. And while there are tools in place to authenticate a person is who they say they are, whether that is a face-based authentication app when logging into a mobile application, or a transactional regulated identity third party application which connects to your bank, these systems result in an individual’s identity becoming fragmented