privacy

Frustration over a growing number of privacy and security failuresin recent years is driving the creation of digital identities controlled only by those whose information they contain.

Known as “self-sovereign identities,” the digital IDs will be used by consumers, businesses, their workers and governments over the next few years to verify everything from credit worthiness and college diplomas to licenses and business-to-business credentials.

“We are slowly graduating from crawling to walking. It takes one to two years ’til we have reliable capabilities to spark meaningful decentralized identity adoption,” said Homan Farahmand, a senior research director at Gartner. “A major non-technical hurdle is for organizations to learn the concept and take the necessary steps to appropriately adapt their business processes to decentralized identity ecosystems.”

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