This presentation summarizes the findings of a report on the state of the digital wallet market. It discusses the capabilities of digital wallets, different types of agents that can be included in wallets, and the current state of wallet technology, standards, and areas needing further research and development. It also covers business models and the early stages of competition in the emerging digital wallet market. The full report will be released under a Creative Commons license for free, with a private report available to sponsors.
Introduction to ICANN and Fellowship program by Shreedeep Rayamajhi.pdf
The State of Digital Identity Wallets – Darrell O’Donnell
1. The State of
Digital Wallets
Preview of Market Report :
Where the Digital Wallet market
is and where it is headed.
This presentation is released under a Creative Commons license. (CC BY-SA 4.0).
SSIMeetup.org
Darrell O’Donnell, P.Eng.
President & CEO
Continuum Loop Inc.
T: @darrello
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. Agenda
● Why a study and reports?
● Digital Wallet Capabilities
● Agents
● State of Tech, Standards, and Art of the Possible
● Business and Markets
SSIMeetup.org
4. Why a Study? Why Reports?
“I don’t do reports”...
So why?
● Simple - there had been enough hand-waving about wallets.
● Problems and lack of clarity was causing projects and initiatives to die early
or fade out.
● Defining a Digital Wallet became impossible.
● Group of leaders wanted to know where to start.
● What’s the bare minimum and where does this go?
SSIMeetup.org
5. What Did We Do?
● Researched over 300 projects
● IIW / RWoT
● Deep discussions with market leaders
● Wrote reports
○ Public (Creative Commons) and a Private Report
● Create reference site for gathering information
SSIMeetup.org
7. Guiding Principles
● Consent Driven
● Privacy by Design
● Security by Design
● Portable and Open by Default
SSIMeetup.org
8. “Stuff” In a Digital Wallet
● Receipts, Ownership, and Warranties
● Address Book & Relationships
● Consent - Receipts and Relationships
● ...
SSIMeetup.org
10. Agents
Types of Agents
Who is in Your Wallet?
● Break Glass…
● Insurers
● Monitors
● Auditors
SSIMeetup.org
11. State of Tech / Art of the Possible
● Current Successes
○ Few outside of the lab
○ Embedded Agents (e.g. VON)
● Where Are Things Working (and Failing) Now?
○ Single Purpose Use Cases
● Where is it Really Hard?
SSIMeetup.org
12. Where is Further R&D Required
● Trust Hubs
● Credential Lifecycle
● Certification
○ Can I Trust Bubba’s
Wallet?
● Rendering
● No Device / No Smartphone
● Guardianship & Delegation
● Schemas & Overlays
● Wallet Protection - loss /
theft
● Vault-as-a-Service
● Break Glass
● Bare Minimum
Portability
SSIMeetup.org
14. User Experience - The Big Challenge
● Organizing, Finding, and Using My Stuff
● Invites, Offers, and Requests
● What’s Normal (What’s Weird)?
SSIMeetup.org
15. Business & Markets
Help Build the Ecosystem
Early Business Approaches
● Single-Purpose Use Cases
● Backup & Recovery is Mandatory
● Simple Trust Hubs
Influence Things
SSIMeetup.org
17. What Next?
● Report is in layout
● PDF (free) and Printed (at cost)
● Will be released CC by SA 4.0
● Private report to sponsors
Pre-Production Version Available -
https://www.continuumloop.com/get-digital-wallet-report
● Draft PDF
● Final PDF when complete
SSIMeetup.org
18. 18
www.IdentityBook.info / @IdentityBookHQ
Digital Banking just got faster and more trustworthy with Decentralized Identity
by James Monaghan & Darrell O’Donnell
Identity wallets are not the same as crypto wallets by Kyle Kemper & Darrell
O’Donnell SSIMeetup.orghttps://creativecommons.org/licenses/by-sa/4.0/
19. The State of
Digital Wallets
Preview of Market Report :
Where the Digital Wallet market
is and where it is headed.
This presentation is released under a Creative Commons license. (CC BY-SA 4.0).
SSIMeetup.org
Darrell O’Donnell, P.Eng.
President & CEO
Continuum Loop Inc.
T: @darrello