Securing the control of decentralized identifiers at the root with ambient verifiability

One of the fundamental problems of blockchain-based business models is that there are inescapable technical complexities at the root of every business decision. The complex relationship between decentralized identity and blockchains is no exception. This article sets out to explain why many functions of decentralized identity systems can be moved off-chain and onto a more lightweight consensus network called KERI, which will make the identity systems that use it simpler, more modular, easier to secure, and faster to scale. The explanation is unavoidably a little technical, but the business value is indisputable.

“I am thrilled that Spherity is contributing substantially to the implementation of the core KERI libraries being open-sourced through the Decentralized Identity Foundation. It has been a pleasure working with Carsten over the years on writing projects and I am glad to see this new project bring that collaboration into the practical realm.”
— Sam Smith, General Partner at Digital Trust Ventures and author of the KERI…

Data Science and Economics in the Circular Cloud

[Note: this continues on the first installment in the series, subtitled “Decentralized identity as global accounting for a circular economy.”]

As we argued in our Meta-platform series, lowering trust transaction costs could open up new business models to lower-value transactions; as we argued in the first installment of this series, making lower-value transactions like recycling and refurbishment more widely profitable requires data sharing and back-to-birth traceability by the use of verifiable data. …

Decentralized identity as global accounting for a circular economy

In our series about The Economic Value of Decentralized Identity on the future of IT, we addressed how open identity standards will change the ground-rules and framing concepts of the IT business, moving from vendor lock-ins and closed platforms to interoperability and meta-platforms. Now, we turn to a related but very different shift in conceptual frameworks: the transition towards a circular economy. Decentralized identity, we believe, will be a driver of this transition, which will in turn accelerate and sustain further decentralization of IT, as well as the economy itself, allowing for more agile processes and thus more economic resilience, in circular as well as linear terms. In the first part of our Identity in a Circular Future series, we will break down the massive, civilizational shift entailed by a turn to circular economics in terms of radically new premises and prerequisites. …

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