SSI: The Trillion Dollar Business Opportunity
2 likes1,561 views
The document discusses self-sovereign identity (SSI) as a solution to increasing cybersecurity issues stemming from compromised access and data breaches. It highlights the growth of digital data and the need for robust digital identity systems to enhance security and manage identities effectively. The presentation emphasizes the importance of SSI in countering these trends and illustrates the concept through a blockchain connection and verifiable credentials.
SSI: The Trillion Dollar Business Opportunity
- 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. 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. 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 ssimeetup.org · CC BY-SA 4.0 International
- 5. ssimeetup.org · CC BY-SA 4.0 International
- 6. ssimeetup.org · CC BY-SA 4.0 International
- 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. 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. 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. 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. 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. 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. 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. SSI in 3 Easy Steps
- 15. #1: Centralized Identity OrgYou Account ssimeetup.org · CC BY-SA 4.0 International
- 16. #2: Federated Identity OrgYou Identity ProviderAccount ssimeetup.org · CC BY-SA 4.0 International
- 17. #3: Self-Sovereign Identity (SSI) PeerYou Blockchain Connection ssimeetup.org · CC BY-SA 4.0 International
- 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. 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. In essence, SSI is… 20 ssimeetup.org · CC BY-SA 4.0 International
- 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. The Trust Triangle ssimeetup.org · CC BY-SA 4.0 International
- 24. Governance Frameworks ssimeetup.org · CC BY-SA 4.0 International
- 25. The SSI Stack
- 28. The Hyperledger Greenhouse ssimeetup.org · CC BY-SA 4.0 International
- 30. 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