Spherity becomes a Sovrin Steward
Spherity to support Sovrin’s “public utility” network for identity
Spherity has assumed the role of Steward in the Sovrin Network, a not-for-profit worldwide alliance of companies that operate nodes supporting distributed ledger operations so that the network can provide identity for all.
The product of a nearly decade-old open-source community, this network is the largest and oldest global blockchain to support decentralized identity systems, including many governmental initiatives like Unlock in the Netherlands and the province-wide projects for corporate identities in Canada like British Columbia’s OrgBook. In Germany the Main Incubator in Frankfurt has recently launched its own Sovrin-based network, called LISSI, following Finland’s Findy and a handful of smaller efforts. Indy’s complex governance structures have reportedly been a substantial influence on the design of the European Commission’s ESSIF framework.
Spherity co-founder Carsten Stöcker says: “Sovrin represents a unique approach to decentralized identity, which draws its strength from technology leadership, thoughtful governance and shared infrastructure. The Indy blockchain and the open-source Aries codebase are driven forward by a wide-ranging coalition of enterprises and communities. We are excited to become Stewards, which will enable us to support German and Europe-wide efforts to build trust frameworks and identity infrastructure from the ground up without starting from scratch.”
Spherity has been exploring the Aries framework to build up an Indy wallet that can interoperate with the production-grade Indy-based products of project partner SwissCom (which has been a Steward since November 2018). Spherity plans to continue expanding its Indy libraries and wallets, particularly those supporting interoperability between Aries-compliant Indy wallets and Ethereum wallets. More information on this project can be found in this recent article.
About the Sovrin Foundation
The Sovrin Foundation is a nonprofit organization established to administer the Governance Framework governing the Sovrin Network, a decentralized global public network enabling self-sovereign identity on the internet. The Sovrin Foundation is an independent organization that is responsible for ensuring the Sovrin identity system is public and globally accessible.
About Spherity
Spherity is building decentralized identity management solutions to power Industry 4.0, bringing secure identities to enterprises, machines/IoT-devices, data and algorithms. Our client focus is primarily on technical industries like pharmaceuticals, supply chain and mobility. In particular, Spherity is supporting the introduction of identity solutions in the Industrial Internet of Things (IIoT) market, which is expected to have a value of over €400 billion by 2030 and 75 billion connected devices by 2025.
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