2 definitions of Digital Identity defined here.
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From the article .. the key to Digital Identity ...
"It comes down to a way to federate identity across lots of different organizations," responded Hank Thomas, CEO of security VC Strategic Cyber Ventures LLC. "That comes back to people having to work together, and trust each other that, once one person has proven that someone is someone, that other organization is going to have the same level of trust in the same thing. There's ways to do that; it's just that that trust isn't necessarily there yet. Maybe it's for compliance reasons, and for other reasons."
which logically leads to standards on:
Self-Sovereign Identity ( SSI )
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Decentralized Identity Documents ( DID ) are a standard way to define a Self Sovereign Identity.
Potential Benefits for Digital Identities
Benefits for Individuals
- User managed data privacy controls for identity, credentials
- Better protection for identity and data theft
- Optional automated consent history
- Better service and efficiencies
- Simpler compliance with regulations & standards
- Improved transparency & accuracy using blockchain history
- Easier identity & credentials proof sharing with less data sharing from wallet applications
- Improved reliability with automated agents, secure digital wallets
- Support for digital identity & credentials recovery
Benefits for Organizations
- Foundation for other Digital Government services
- Automatically verifiable identities and credentials
- Improved service levels and times for users, firms
- Improved cost, resource efficiencies for State agencies
- Verifiable digital signatures for transactions, documents
- Improved security & data privacy
- Simpler compliance with regulations & standards
- Improved transparency & accuracy using blockchain history
- Fraud reductions possible
Decentralized Identity Document ( DID )
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