The State of Digital Identity Wallets – Darrell O’Donnell
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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.
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
- 6. Wallet Capabilities ● Managing Credentials ● Authenticating ● Organizing ● Rendering ● Personas ● Emergency Access ● Trust Hubs/Registries ● Compliance and Monitoring ● Schemas & Overlays ● Revocations and Expiries ● Signing ● Offline Operations ● Keys & Secrets ● Secure Hardware Integration ● Notification ● Backup & Recovery ● Vault Support ● Multiple Device Support ● Synchronization ● Selective Disclosure ● Guardianship & Delegation ● Messaging 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
- 9. Enterprise Concerns ● Scale ● Multiple Agents ● Delegation - Rights, Roles, and Permissions ● Protection 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
- 13. Standards ● Protocol Evolution (proprietary -> community -> formal) ● Overview of Standards Landscape ● Assurance Levels ● Pan-Canadian Trust Framework ● 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