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- Antitrust Policy and introductions - 3 minutes - VB
- Quarterly Report to the TSC - 2 minutes - VB
- Further discussion on FATF - 5 minutes -
View file name FATF PDG 2019 3 REV1 Guidance Digital identity.pdf height 250 - Indy WG comes back to the mothership- possible merger into Identity WG: a proposal by Nathan George. 10 minutes
- Timo Hotti on Integrating a DID network with a Transaction Network: a case study from Finland-30-40 minutes
- Next steps: the paper: "Hubs and Agents how do they work together" - 2 minutes
- Progress of Identity Working Group paper.
- Libra and its Identity system
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Some people were not in a place where they could have an audio interaction.
We have a diverse group.
The FATF draft standard for digital Identity was presented by Stephane Mouy. If you recall, the FATF digital currency recommendations was discussed in an earlier meeting.
- FATF is a powerful body, ostensibly it sets recommendations for AML/KYC/CDD standards. But nations that do not adopt these policies can find themselves in higher tiers of risk and financial exclusion or constraints in the global economic system.
- A very salient point about digital Identities was made in the draft recommendation and it is worth quoting from the document.
- page 14:Section 40
- "40.Given the evolution of digital ID technology and architecture, and the emergence of consensus-based open digital ID technical standards, it is important to clarify that non-face-to-face customer-identification and non-face-to-face transactions that rely on digital ID systems and solutions that are appropriately trustworthy under the RBA discusses in this Guidance are typically standard risk,and may even be lower-risk."
- FATF seems to be referring to Blockchain-based SSI and says that this may have lower risk than face to face. This is a huge deal.
Nathan George presented the case for the Identity Working Group to be the co-ordination point for activity in Aries, Indy, Ursa and other Identity projects, with short reports on these projects from the maintainers. ID WG gives us a venue to keep abreast of latest developments without having to attend all the hour long project meetings.
Timo Hotti from OP Financial, presented a vision of an Identity Layer working with a Transaction layer to simplify the construction of a complex solution. The focus was on the efficiencies yielded by the combination. The entire project could be finished by four programmers in 4 months.
The slides are attached.
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