In the modern digital world, having an effective, trusted, and convenient way to prove our identity that could be accepted by all service providers from government to retailers would make it much safer and easier to do business online.
A universal digital ID that can be used to access all digital services without having to trust each service provider to keep your personal information safe would be ideal, but until that is possible, decentralized identities are a viable alternative.
For decentralized IDs to work, there needs to be a holder of identity credentials that are typically stored in a digital wallet or on a smart device, credentials that make specific claims about the identity holders, and issuers who are responsible for each credential.
These credentials need to be verifiable credentials, which are tamper-evident claims that can be cryptographically verified and include proof of who issued it. Verified credentials can contain a decentralized identifier (DID), which is globally unique and cryptographically verifiable.
Decentralized Identity offers compelling advantages for organizations to benefit from increased identity assurance levels, interact securely and with higher confidence with partners, suppliers, and other ecosystem members, and reduce the administrative load during onboarding or ongoing verification and/or validation of credentials. For this reason, a growing number of organizations are looking to implement decentralized identity.
In this track we will look at the evolution and implementation of OpenID for Verifiable Credentials (OID4VC), examine the NFTicket protocol that combines the identification power of cryptographic wallets with that of Decentralized Identifiers, consider if Web3 could deliver on the promise of decentralized identity, look at two projects aimed at fostering global adoption of Verifiable Credentials, and examine how people can gain micro-certificates based on working skills using SSI and OpenBadges standards.
Receive Continuing Professional Education Credits
KuppingerCole Analysts AG is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. State Boards of accountancy have final authority on the acceptance of individual courses for CPE credits. Complaints regarding registered sponsors may be submitted to the National Registry through its website: nasbaregistry.org.
You can get 2 CPEs for this track.
After attending this track you will be able to:
Field of Study: Information technology
Prerequisites: None
Advanced Preparation: None
Program Level: Intermediate
Delivery Method: Group Live (on-site attendance only)
To register for this session, go to https://www.kuppingercole.com/book/eic2023 and book a hybrid event ticket. In order to be awarded the full credit hours, you must attend the whole track on-site, which will be controlled after the Conference.
To redeem your CPE Credits please fill and send the following form: https://www.kuppingercole.com/event_cpe/eic2023
After we have checked your attendance you will receive your CPE certificate.
