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SSI: The Trillion
Dollar Business
Opportunity
This presentation is released under a Creative Commons license. (CC BY-SA 4.0). SSIMeetup.org
Drummond Reed, Chief
Trust Officer Evernym
Chris Spanton, Principal
Architect—Blockchain,
T-Mobile
Vaughan Emery, CEO of
Datafi Labs
1. Empower global SSI communities
2. Open to everyone interested in SSI
3. All content is shared with CC BY SA
SSIMeetup.org
Alex Preukschat @SSIMeetup @AlexPreukschat
Coordinating Node SSIMeetup.org
https://creativecommons.org/licenses/by-sa/4.0/
SSIMeetup objectives
SSI: The Trillion
Dollar Business
Opportunity
This presentation is released under a Creative Commons license. (CC BY-SA 4.0). SSIMeetup.org
Drummond Reed, Chief
Trust Officer Evernym
Chris Spanton, Principal
Architect—Blockchain,
T-Mobile
Vaughan Emery, CEO of
Datafi Labs
4
ssimeetup.org · CC BY-SA 4.0 International
ssimeetup.org · CC BY-SA 4.0 International
ssimeetup.org · CC BY-SA 4.0 International
Digital Identity Is Needed
7
Current state of Information Technology:
● User Id and passwords are too easily compromised
● The global datashere is growing faster each year
● The number of connected devices increasing
1
IDC Global DataSphere Reports
ssimeetup.org · CC BY-SA 4.0 International
Digital Identity Is Needed - The Data Problem
8
175 billion terabytes
of new data created annually
by 2025 1
1
IDC Global DataSphere Reports
We Are Here
ssimeetup.org · CC BY-SA 4.0 International
Digital Identity Is Needed - The Data Problem
9
2018 Enterprise
Datasphere by
Industry (Exabytes)
Annual Data
Growth Rate of The
Top Five Industries
1
IDC Global DataSphere Reports
ssimeetup.org · CC BY-SA 4.0 International
Digital Identity Is Needed - The Device Problem
10
150 billion endpoints
connected and accessing this
data by 2025
Things Contributing To
The Data Growth 1
1
IDC Global DataSphere Reports
“That’s about ~20 connected
devices per person”
ssimeetup.org · CC BY-SA 4.0 International
Data and Identity Theft Increasing
11
12,499 Data Breaches
reported in 2018 - this is 424%
increase over 2017 1
1
4iQ Identity Breach Report 2019
World’s Biggest Data Breaches & Hacks: http://informationisbeautiful.net
ssimeetup.org · CC BY-SA 4.0 International
Data and Identity Theft Increasing
12
14.9 Billion Identity Records
circulating on the dark web - this is
a 71% increase over 2017
1
4iQ Identity Breach Report 2019
ssimeetup.org · CC BY-SA 4.0 International
Where Do We Go From Here
13
The use of Digital Identities is viewed
by many as one of the primary methods
to counter the cybersecurity trends
1
4iQ Identity Breach Report 2019
ssimeetup.org · CC BY-SA 4.0 International
SSI in 3 Easy Steps
#1: Centralized Identity
OrgYou
Account
ssimeetup.org · CC BY-SA 4.0 International
#2: Federated Identity
OrgYou
Identity
ProviderAccount
ssimeetup.org · CC BY-SA 4.0 International
#3: Self-Sovereign Identity (SSI)
PeerYou
Blockchain
Connection
ssimeetup.org · CC BY-SA 4.0 International
#3: Self-Sovereign Identity (SSI)
Blockchain
Connection
Digital Wallet
w/ Private Keys
& Credentials
Digital Wallet
w/ Private Keys
& Credentials
Your Agent Peer Agent
Public Key Public KeyDIDDID
ssimeetup.org · CC BY-SA 4.0 International
Solves the decentralized PKI (public key infrastructure) problem
#3: Self-Sovereign Identity (SSI)
Blockchain
Connection
Digital Wallet
w/ Private Keys
& Credentials
Digital Wallet
w/ Private Keys
& Credentials
Your Agent Peer Agent
Public Key Public KeyDIDDID
ssimeetup.org · CC BY-SA 4.0 International
In essence, SSI is…
20
ssimeetup.org · CC BY-SA 4.0 International
Verifiable Credentials
W3C Verifiable Credentials Ecosystem
Holder/
Prover
Issuer Verifier
Issues
Credential
Presents
Proof
Decentralized Identifiers (DIDs)
Public Blockchain or other DID Network
Signs
Credential
Verifies
Signature
Wallet
Requests
Credential
Requests
Proof
ssimeetup.org · CC BY-SA 4.0 International
The Trust Triangle
ssimeetup.org · CC BY-SA 4.0 International
Governance Frameworks
ssimeetup.org · CC BY-SA 4.0 International
The SSI Stack
Where’s the code?
The Hyperledger Greenhouse
ssimeetup.org · CC BY-SA 4.0 International
Questions?
ssimeetup.org · CC BY-SA 4.0 International
Drummond Reed, Chief
Trust Officer Evernym
Chris Spanton, Principal
Architect—Blockchain,
T-Mobile
Vaughan Emery, CEO of
Datafi Labs

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SSI Trillion Dollar Business Opportunity

  • 1. SSI: The Trillion Dollar Business Opportunity This presentation is released under a Creative Commons license. (CC BY-SA 4.0). SSIMeetup.org Drummond Reed, Chief Trust Officer Evernym Chris Spanton, Principal Architect—Blockchain, T-Mobile Vaughan Emery, CEO of Datafi Labs
  • 2. 1. Empower global SSI communities 2. Open to everyone interested in SSI 3. All content is shared with CC BY SA SSIMeetup.org Alex Preukschat @SSIMeetup @AlexPreukschat Coordinating Node SSIMeetup.org https://creativecommons.org/licenses/by-sa/4.0/ SSIMeetup objectives
  • 3. SSI: The Trillion Dollar Business Opportunity This presentation is released under a Creative Commons license. (CC BY-SA 4.0). SSIMeetup.org Drummond Reed, Chief Trust Officer Evernym Chris Spanton, Principal Architect—Blockchain, T-Mobile Vaughan Emery, CEO of Datafi Labs
  • 4. 4 ssimeetup.org · CC BY-SA 4.0 International
  • 5. ssimeetup.org · CC BY-SA 4.0 International
  • 6. ssimeetup.org · CC BY-SA 4.0 International
  • 7. Digital Identity Is Needed 7 Current state of Information Technology: ● User Id and passwords are too easily compromised ● The global datashere is growing faster each year ● The number of connected devices increasing 1 IDC Global DataSphere Reports ssimeetup.org · CC BY-SA 4.0 International
  • 8. Digital Identity Is Needed - The Data Problem 8 175 billion terabytes of new data created annually by 2025 1 1 IDC Global DataSphere Reports We Are Here ssimeetup.org · CC BY-SA 4.0 International
  • 9. Digital Identity Is Needed - The Data Problem 9 2018 Enterprise Datasphere by Industry (Exabytes) Annual Data Growth Rate of The Top Five Industries 1 IDC Global DataSphere Reports ssimeetup.org · CC BY-SA 4.0 International
  • 10. Digital Identity Is Needed - The Device Problem 10 150 billion endpoints connected and accessing this data by 2025 Things Contributing To The Data Growth 1 1 IDC Global DataSphere Reports “That’s about ~20 connected devices per person” ssimeetup.org · CC BY-SA 4.0 International
  • 11. Data and Identity Theft Increasing 11 12,499 Data Breaches reported in 2018 - this is 424% increase over 2017 1 1 4iQ Identity Breach Report 2019 World’s Biggest Data Breaches & Hacks: http://informationisbeautiful.net ssimeetup.org · CC BY-SA 4.0 International
  • 12. Data and Identity Theft Increasing 12 14.9 Billion Identity Records circulating on the dark web - this is a 71% increase over 2017 1 4iQ Identity Breach Report 2019 ssimeetup.org · CC BY-SA 4.0 International
  • 13. Where Do We Go From Here 13 The use of Digital Identities is viewed by many as one of the primary methods to counter the cybersecurity trends 1 4iQ Identity Breach Report 2019 ssimeetup.org · CC BY-SA 4.0 International
  • 14. SSI in 3 Easy Steps
  • 17. #3: Self-Sovereign Identity (SSI) PeerYou Blockchain Connection ssimeetup.org · CC BY-SA 4.0 International
  • 18. #3: Self-Sovereign Identity (SSI) Blockchain Connection Digital Wallet w/ Private Keys & Credentials Digital Wallet w/ Private Keys & Credentials Your Agent Peer Agent Public Key Public KeyDIDDID ssimeetup.org · CC BY-SA 4.0 International
  • 19. Solves the decentralized PKI (public key infrastructure) problem #3: Self-Sovereign Identity (SSI) Blockchain Connection Digital Wallet w/ Private Keys & Credentials Digital Wallet w/ Private Keys & Credentials Your Agent Peer Agent Public Key Public KeyDIDDID ssimeetup.org · CC BY-SA 4.0 International
  • 20. In essence, SSI is… 20 ssimeetup.org · CC BY-SA 4.0 International
  • 22. W3C Verifiable Credentials Ecosystem Holder/ Prover Issuer Verifier Issues Credential Presents Proof Decentralized Identifiers (DIDs) Public Blockchain or other DID Network Signs Credential Verifies Signature Wallet Requests Credential Requests Proof ssimeetup.org · CC BY-SA 4.0 International
  • 23. The Trust Triangle ssimeetup.org · CC BY-SA 4.0 International
  • 24. Governance Frameworks ssimeetup.org · CC BY-SA 4.0 International
  • 26.
  • 28. The Hyperledger Greenhouse ssimeetup.org · CC BY-SA 4.0 International
  • 29.
  • 30. Questions? ssimeetup.org · CC BY-SA 4.0 International Drummond Reed, Chief Trust Officer Evernym Chris Spanton, Principal Architect—Blockchain, T-Mobile Vaughan Emery, CEO of Datafi Labs