decentralized-id.github.io/_posts/application/2023-06-18-trending-adoption.md

title	description	excerpt	layout	permalink	canonical_url	categories	tags	last_modified_at
Market signals, SSI trending, and the road to mainstream adoption.	Verifiable Credentials (VC) was an intriguing standard with some promising potential applications, but wasn't widely known or understood	Three years and one pandemic later, the demand for cryptographically secure, privacy-respecting and machine-verifiable electronic credentials has grown and, as a result, governments are starting to wake up to VC's potential.	single	application/trending-adoption/	https://decentralized-id.com/application/trending-adoption/	Application	Meta	2023-06-19

SSI Trending

• Self-Sovereign Identity Exploding Topics 2023-06-17 - up 4293% over 5 years.
• Decentralized Identifiers 2023-06-17 ExplodingTopics - up 2200% over 5 years
• Thoughtworks has graduated Verifiable Credentials into the “Trial" category of their technology radar map 2023-04-26 Thoughtworks Technology Radar

  When we first included it in the Radar three years ago, verifiable credentials (VC) was an intriguing standard with some promising potential applications, but it wasn't widely known or understood outside the community of enthusiasts. This was particularly true when it came to the credential-granting institutions, such as state governments, who would be responsible for implementing the standards. Three years and one pandemic later, the demand for cryptographically secure, privacy-respecting and machine-verifiable electronic credentials has grown and, as a result, governments are starting to wake up to VC's potential. The W3C standard puts credential holders at the center, which is similar to our experience when using physical credentials: users can put their verifiable credentials in their own digital wallets and show them to anyone at any time without the permission of the credentials' issuer. This decentralized approach also helps users to better manage and selectively disclose their own information which greatly improves data privacy protection.

• New McKinsey Digital Trend 2022-08-24 We went through the paywall so you don’t have to - SSI only mentioned once. From page 99>>
• EIC2022 Centralized & Decentralized Identity converging 2022-05-18 Martin Kuppinger

  For me, the most relevant new topic and trend was to finally see the convergence of decentralized identities (DID) and traditional approaches on IAM starting. DID, also referred to as SSI (Self Sovereign Identity) or verifiable credentials, is a concept where the user has a wallet that holds proofs of identities and attributes. This could be an ID proof based on a government-issued ID card. It could be a proof of the employer that the user works in an organization in a certain role. It can be other proofs such as the drivers license, health cards, self-issued proofs, etc.

• Digital identity market revenues to reach US$53bn in 2026 2022-01-31 NFCW

  Juniper’s Digital Identity: Key Opportunities, Regulatory Landscape & Market Forecasts 2022-2026 report also identifies multimodal biometric authentication, digital onboarding — including single sign-on solutions and self-sovereign identity — as “growing trends” across the digital identity market.

• Digital Identity Trends and Predictions for 2022 2022-01-14 Signicat

  What will be the buzzwords of 2022?

  • Identity wallet
  • Decentralized identity
  • Web 3.0
  • Passwordless

• Webinar Recording – 2021 Redux/2022 Trends To Watch 2022-01-24 Continuum Loop Video Presentation

  Darrell talked about his top 5 stories from 2021:

  • Good Health Pass
    • Interoperability Blueprint
  • SSI Book
    • Self-Sovereign Identity – Decentralized Digital ID and Verifiable Credentials
    • The Current and Future State of Digital Wallets
  • Governments slinging code
    • Data Sovereignty: UK & Canadian governments have great policy pieces issued by respective governments on why open source helps and the concept of SSI.
  • Evernym Acquisition
  • cheqd launch

• Top 5 digital identity trends injecting trust back into governance 2021-11-29 Open Access Government

  As early SSI use cases develop and legal and political institutions evolve, the reality of impactful, integrated SSI systems becomes more tangible. Such use cases include privacy-preserving vaccination certificates, digital identity wallets, and decentralised data verification and certification services that streamline processes like visa applications and workplace credential checks.

• How Verifiable Credentials Can Rebuild Trust On The Internet 2020-12-18 Forbes

  Berners-Lee recently suggested that the web needs a midcourse correction. Part of that change involves making systems accountable and making it easy for users to find where information comes from. Verifiable credentials promise major strides in that direction.

• Thoughtworks put Decentralized Identity into the "Assess" category of their technology radar map 2020-05-19 Thoughtworks Technology Radar

  Adopting and implementing decentralized identity is gaining momentum and becoming attainable. We see its adoption in privacy-respecting customer health applications, government healthcare infrastructure and corporate legal identity.

• Self Sovereign Identity - A glossary of distributed technologies 2020-05-18 Policy Review

  Released by the Internet Policy Review Journal on Internet Regulations received an entry on Self-Sovereign Identity By Alexandra Giannopoulou & Fennie Wang

Market Signals

• Decentralized Identity Market Signals 2022-05-25 Tim Spring Indicio

  In this rapid fire review we will take a look at, and break down, the biggest recent stories in digital identity and what they could mean for business and the average person using the internet.

• The Market Opportunity for Reusable Identity and How to Get There 2022-02-03 Liminal

  The Total Addressable Market is $32.8B in 2022, to reach $266.5B by 2027, with a CAGR of 68.9%. Today, the market is still nascent but is posed for strong growth.

• Institutions digitising credentials, but blockchain use remains low 2021-05-17 The Pie News Research

  While some educational institutions have shifted to issuing EDX, digitally signed PDFs or blockchain verifiable credentials, reliance on paper-based credentials is still widespread. While both paper and even digitally signed PDF credentialing solutions have worked well enough, there are still unaddressed challenges facing students, employers, and other educational stakeholders in a global learning and employment marketplace.

On Adoption

• Decentralized Identity: Keys to Mainstream Adoption 2022-05-27 Trust Over IP When it comes to decentralized identity solutions, many business sponsors do not yet understand how DCI can provide practical answers to immediate frontline business problems. This climate creates the impression that decentralized identity is interesting but not ready for prime time adoption.
• I had a stab at why Cardspace failed, in 2022-04-23 Steve Lockstep

  “Identities Evolve: Why Federated Identity is Easier Said than Done

  Why does digital identity turn out to be such a hard problem? People are social animals with deep seated intuitions and conventions around identity, but exercising our identities online has been hugely problematic.

• IIW33 Session: Crossing the chasm ➔ Mass market adoption of SSI and VC 2021-10-16 IAMX Session Notes

  1. How to ➡ enable mass market adoption of SSI and VC?
  2. Is the preservation of human rights the correct design-principle?
  3. What is needed to make triangle of trust work? a) How to design verifiable credentials ZKP and GDPR conform? b) How to onboard verifiable credentials? c) What are the use cases?

• Nice overview, somewhat questionable assumptions 2021-06-18 UbikomProject
  • To Succeed In Decentralizing Digital Identity, Focus On Relationships First 2021-06-16 Forbes

    when it comes to consumers of services, we need to think about identity in terms of building and maintaining trusted digital relationships. With adtech cookies in the regulatory crosshairs, and our research finding that 70% of consumers prefer apps that won't sell their personally identifiable information, we can't afford to think in terms of one-time purchases or disappointing experiences. Many consumers need to manage person-to-person and person-to-device relationships, too. We're not alone in this connected world.

• Why self-sovereign identity will get adopted (and it’s not the reason you probably want) 2018-06-15 Tuesday Night

  In the payment card world, there are clear guidelines on personal liability. $50 if you use credit and up to $500 for debit depending on when you report the issue. Based on that, different people choose to use different “systems.”

  However, no such guidelines exist for the use of identity information (e.g. attributes.)

• OWI Digital Forum Recap: The Rise & Adoption of Verifiable Credentials 2021-05-21 Trinsic

  Riley went on to more specifically address where verifiable credentials are at in terms of adoption. About a year and a half ago, there was essentially zero real-world adoption. Today, there’s between 100,000-300,000 verifiable credentials being used by real end users. In the last 18 months, demand has skyrocketed and there have been strong adoption signals, but the adoption of verifiable credentials is still very early.

• Some early thinking about where #SSI is under @swardley model of Genesis -> Custom -> Product -> Utility. 2021-05-15 Darrell O'Donnell

  We've come a long way, but we are still in the earliest of stages.

• 4 Keys to Self-sovereign Identity Adoption 2021-01-19 Trinsic

  Many implementers won’t realize the potential of SSI until it’s deployed at scale, but in order to get to scale, we need implementers to realize value. It’s the classic chicken & egg problem.