Identity at the Center #21 - Blockchain with Mike from idRamp
Nov 15, 2019
In this discussion, Mike Vesey, an identity practitioner from idRamp, unpacks the world of blockchain-based identity solutions. He breaks down how digital credentials and wallets can replace physical IDs with a unique analogy. Mike explains how conflicting credential data is handled using proof requests and dives into the roles of stewards in ensuring trust. He highlights international adoption, the importance of governance, and how decentralized credentials can ease the load on traditional IAM systems. Finally, he contrasts credential-based access with outdated password systems, envisioning a smoother future for digital identity.
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Episode notes
Three Physical IDs To Explain Digital Proofs
- Vesey uses a driver's license, passport, and voter ID analogy to explain digital credentials and layered proof.
- He shows how multiple issuer-signed digital credentials plus blockchain checks produce strong assurance of an address.
Governance Prevents Identity Network Chaos
- Permissioned public ledgers use vetted stewards and governance to prevent a 'wild west' of issuers.
- Vesey highlights Sovereign Foundation's governance and steward vetting as critical for trust.
DIDs Are The Cross-Chain Identity Backbone
- Decentralized Identifiers (DIDs) are becoming the cross-chain standard and enable routing between identity networks.
- Vesey notes work like the Universal Resolver is key to making different ledgers interoperable.