Humanity deserves digital identity that is permanent, portable, private and completely secure; in other words: self-sovereign.
Shortcomings in the internet’s original design made this impossible, at a cost of trillions each year. Today, the invention of distributed ledger technology makes self-sovereign digital identity a possibility for the first time.
Now that self-sovereign identity is possible, it’s inevitable. And it’s going to change everything.
Evernym’s CEO discusses how self-sovereign identity is different, and why it’s better.
Why did we invent, build, and open source an entirely new distributed ledger that’s engineered for the sole purpose of identity? That’s easy. It’s the only way to finally do identity right.
Digital identity today is entirely “siloed.” It forces every organization to become identity (and security) experts in order to know who (or what) they’re actually interacting with, both online and off. Managing many identities is not only an expensive hassle for organizations, it’s aggravating for people and a security nightmare for the Internet of Things, too.
Evernym has developed the world’s first publicly available distributed ledger dedicated to solving this problem – Sovrin – and we’ve donated its code to Hyperledger (project Indy), making it available for everyone, everywhere.
R3 and Evernym are developing distributed ledger-based identity interoperability for Corda, R3’s platform designed specifically for bank to bank transactions.
Evernym is partnering with IBI to develop and deploy a secure, distributed ledger-based, self-sovereign identity for Illinois citizens during the birth registration process.
CU Ledger and Evernym teamed up to launch MyCUID: a new consumer-focused digital identity solution built to protect members from financial fraud while enriching the trusted relationships they have with their credit unions.
Global nonprofit iRespond is partnering with Evernym for privacy-respecting biometric identification for at-risk populations across the globe.
Evernym is currently researching, designing and building a Decentralized Key Management System (DKMS) under an SBIR research grant from the U.S. Department of Homeland Security Science & Technology Directorate.
Evernym is partnering on a nationwide initiative to provide all UK doctors with a digital passport and reputation system.
This multi-national leader in the financial services industry with 40 million customers tapped Evernym to simplify compliance while improving customer experience.
A major US state in the northeast is partnering with Evernym to extend self-sovereign identity to its many millions of citizens.