Traditional Digital identity schemes, such as the X509 certificate approach and similar, has always carried substantial overhead and cost to reach non-repudiation. With the explosion of distributed ledgers in areas such as digital currencies and the current reluctance by consumers on using IOT solutions due to privacy and security issues there is a need for an alternative. The Sovrin foundation has taken this and have made an “Self-Sovereign” Identity solution. Based on open-source distributed ledger technology this approach has a lot of potential, in particular in the theoretical ability to self manage devices and their trust relationships. The illustration here shows how this works in the real world.
Digital Identities – an distributed approach
