The
Sovrin Network is the distributed ledger technology (DLT) platform that enables users to keep control over their data. If the self-sovereign identity (SSI) project fulfills its promise when it comes to protecting personal data, it really could change the world. The code that drives Sovrin is open sourced as
Hyperledger Indy, which is part of the Linux Foundation.
The hack of consumer credit reporting agency Equifax more than five years ago compromised the personal information of 148 million people. In 10 to 15 years, that sort of breach is unlikely because the honeypot databases held by credit rating agencies should no longer exist. Unless credit rating agencies adapt, SSI is a serious threat to their business. While the hack had no lasting effect on Equifax’s stock price, it’s a matter of time before investors realize the impact of SSI and why it offers consumers better protection going forward.
A credit reference, the SSI way
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