Month: November 2020

Best of all, SSI brings tremendous benefits and opportunities: 

– Natural persons and legal entities interact in the digital world with the same freedom and capacities as in the offline world (e. g. signing, authorizing documents, validating signatures, communicating privately etc.)

– Data is stored privately on a user device and not replicated numerous times across the digital world. 

In other words, when a user “shares” data, it shares only the access to his/her data. And, as easy as one can do that, they can also revoke it (unless they are legally bound to share it for a certain period).

How does SSI work in practice?

To explain that, Jan has prepared a quick demo. For a first-time login into a web service, a user gets a QR-code that he/she can scan with an AceID mobile app. Doing so, one can automatically see which data is required (and which is optional) to login into the service. Then, the user authorizes the web service and shares them the information accordingly.  

Watching this, you can be sure that filling a form will never be faster!

SSI is not a distant future. With our business partners, many solutions are being developed as we speak, including: 

E-mobility
First, think about bank cards. One can use any ATM to withdraw money regardless of the card and its issuer. A similar possibility is not very common in the offline world, let alone in the digital one. What effect does this have on the e-mobility? In this area, the charging station manufacturers usually use their protocols, meaning that users have to onboard anew for every new charging station provider. To change that, our business partner Gen-I wishes to introduce a similar principle of universality and interoperability in the field of e-mobility. And, to enable a secure communication and data exchange among different stakeholders, we gave SSI (e-ID) to natural persons, legal persons, charging stations and data replication devices which can now interact in an SSI-way. Even charing stations benefit, as they have a shorter time to market and onboarding of users.

Tourism
SSI identity is also being used in a project Tourism 4.0 where it will ensure that tourists can access to various services and offers through one secure point, and also make a seamless payment. For a comprehensive view of the project, we suggest you to watch the following video.

Where does SSI go from here?

The main idea behind the SSI is that it can be easily integrated with security built-in, enabling various applications in industries and sectors. For that, SSI is already being tested by the world’s largest companies and discussed at the EU level to ensure interoperability and simplify cross-border services.

EBSI and eSSIF initiatives by the EU union for all European eID
We have become expert advisors to the EBSI and eSSIF projects, in which SSI is considered as an ideal solution for the eID. Using SSI, there is no need for numerous user names or passwords, and what is more, it can be integrated easily with the use of the already existing protocols.

A trusted internet
SSI could enable the future in which every web communication is cryptographically signed to verify user identity. 

As you can see, there are countless possible applications and use cases for SSI, from facilitating online payments, to helping businesses personalize services and enable secure communication, all in a way that protects an individual’s data and sovereignty. 

Feel free to contact us for more information at [email protected].