Decentralized Identity Use Cases
Combined Session
Friday, June 07, 2024 14:30—15:30
Location: C 01
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Friday, June 07, 2024 14:30—15:30
Location: C 01
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In the rapidly evolving agricultural sector, the importance of data management and sharing has never been more critical. Traditional methods are no longer sufficient; they create compliance burdens, inefficiencies and face a lack of trust. New Zealand is undertaking a transformative approach with the Digital Farm Wallet pilot, conceived by the Trust Alliance New Zealand (TANZ), a non-profit industry consortium recognising that trusted data sharing is essential for the growth of New Zealand’s primary sector.
The TANZ Digital Farm Wallet Pilot Project exemplifies the commitment to empowering stakeholders to share and verify information in a trusted and permissioned manner, fostering trust and transparency throughout the value chain. This initiative aims to offer tangible proof of brand promises, while alleviating farms from the repetitive tasks of data management.
To ensure international market and financial access demand of digital proofs, such as environmental claims are increasing. The Digital Farm Wallet addresses this by facilitating the sharing of key data points like greenhouse gas and Scope 3 emissions, underscoring good management practices. Exploring various applications, this initiative aims to deliver real value for farmers and food processors.
Klaeri Schelhowe was contracted through Scheddebrock Ltd. to act as the Executive Director for TANZ. In this role she established an industry consortium to focus on trusted data sharing within the primary sector. A significant challenge was posed in bringing together the many and varied stakeholders, many of whom competed with each other, to cooperate in the development of a functioning ecosystem. Developing stakeholder understanding and willingness to engage in a co opetition model in order to build critical mass is a more complex and demanding undertaking than the adoption and deployment of the technology itself.
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The European Central Bank is busily preparing for a potential launch of a Digital Euro, that would provide an electronic alternative to cash, significantly changing how we send money to each other. Any such system will have to meet an exacting set of requirements - including the ability to support massive scale and protecting of the privacy individuals whilst preventing fraud and money laundering. This talk will explore the potential role of EUDI Wallets in meeting these requirements, consider gaps that exist and explore additional technologies and capabilities that may be needed. To have utility digital wallets will need to support identity, payments and other credentials. It is essential therefore that we expand our identity-focused wallet thinking into some of those other areas.
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What would happen if standards-based digital credentialing technology becomes widely accessible? Any entity, large or small, can start issuing and verifying within weeks, days or even hours. Then, the initial adoption of digital credentials will mostly be driven by ‘local’ needs. This is inevitable due to the decreasing cost and complexity of technology. However, as more and more begin to issue credentials on their own terms with little to no coordination, even when the technology everyone uses is based on interoperable standards, as long as there is no established human trust, two entities won’t be able to accept each other’s credentials right away. So how to facilitate trust building in this emerging world of digital credentials?
This session will introduce a new model, Decentralized Federation, which leverages to the best extent possible of existing systems and connects trust registries, and how it is already being implemented to solve today’s trust problems.
