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SelfSovereign Identity and Distributed Ledger Technology: Framing the Legal IssuesJOSEPH CUTLER PARTNERJ. DAX HANSEN PARTNERCHARLYN HO ASSOCIATE+1.206.359.6104 JCutler perkinscoie.com+1.206.359.6324.

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A decentralized identity system is made up of 3 pillars: blockchain, Verifiable Credentials (VCs), and decentralized identifiers (DIDs). Decentralized identity technology can be applied to a growing number of use cases including supply chain traceability, issuing fraud-proof certifications, and managing employee IDs.

In all models of identity management, a digital identity requires identifiers that ensure users are who they say they are. With self-sovereign identity, however, identifiers do not need an intermediary. This means a user's self-sovereign identity can be registered to a claim, such as a block on a blockchain.

Self-sovereign identity (SSI) is the idea that individuals should own and control their digital identities — not organizations. To create an SSI, users present their credentials to a trusted third party, which verifies that the credentials came from an issuer they trust, creating a “trust triangle.”

Difference between SSI and Decentralized Identity Users can showcase the data to another individual who wants to verify them without intervention of a centralized database. On the other hand, decentralized identities are a slightly different concept as DID is always under the complete control of the user.

Verifiable Credentials, blockchain, and decentralized identifiers are 3 pillars of Self-Sovereign Identity.

Self-sovereign identities (SSI) are digital identities that are managed in a decentralized manner. This technology allows users to self-manage their digital identities without depending on third-party providers to store and centrally manage the data.

Self-Sovereign Identity (SSI) summarises all components of the decentralized identity model: digital wallets, digital credentials, and digital connections.

With self-sovereign identity, users can enter an app on their phone where their identity data is stored, then use an identification number and identity information to verify who they are. Self-sovereign identity adds security and flexibility to users and enables them the ability to share data only when they choose.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232