DIACC forecasts that numerous multiple-party Identity Information Networks (aka Networks), may become available in the near future. What are some implementation considerations regarding such networks?
To further explore this, DIACC member SecureKey released a new white paper, Consumer Digital Identity Leveraging Blockchain.
For this project, collaboration is key. “Establishing a secure and effective digital identity network would truly not be possible were it not for effective collaboration between the public and private sectors towards this shared goal,” said Didier Serra, EVP, Sales & Marketing at SecureKey.
“Our forthcoming digital identity network was also strengthened by its development in accordance with DIACC’s digital network principles and with the U.S. Department of Homeland Security Science & Technology Directorate (DHS S&T) support. Operating within this framework and in a collaborative environment, we were able to get the necessary findings to establish a first-of-its-kind digital identity network in Canada.”
SecureKey is implementing a Network on blockchain technology, one that strives to provide a foundational service to drive forward the digital economy.
Networks have a number of benefits, among them, the potential to secure:
- A user’s right to privacy of activity
- A user’s right to decide when, and what information is shared between organizations
This can simplify in-person services, such as visiting a financial institution to apply for a credit product. This is often a lengthy process, one in which the user must submit various forms of documentation to confirm their identity. Alternatively, this process can also be completed online.
Users create Digital Lockboxes, in which they are able to share and manage their digital assets, review transaction history and report problems. This service is not limited to only mobile devices, as SecureKey’s collaboration with Intel Corporation offers the option for consumers to verify their identity directly from a laptop or desktop, with additional privacy and security.
Key findings from the research stress the fact that Networks must prioritize speed and efficiency when processing transactions. This would also allow for a seamless user experience. Furthermore, these findings provide an opportunity to inform the Pan-Canadian Trust Framework.
“At SecureKey, we believe that the strongest approach to solving the problems of digital identity for consumers and businesses alike is an approach taken together. We are proud of the work we’ve been able to achieve alongside DIACC and our public and private sector partners to better Canadians’ digital lives,” said Serra.
About the Paper
The Information in this report is based on research funded by the U.S. Department of Homeland Security Science & Technology Directorate (DHS S&T). Any opinions contained herein are those of the performer and do not necessarily reflect those of DHS S&T.
This content of this white paper is developed under the governance of the DIACC International Applied Research program. The International Applied Research program connects innovators that align with the DIACC Digital Identity Ecosystem Principles with international applied research funding opportunities. The content of the paper was submitted by SecureKey and does not necessarily reflect those of the DIACC membership.