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- This is the year of deployment- Paypal has started a Blockchain based interface for identity
- Owned by Credit Unions- have been involved in bringing SSI to credit unions for over 4.5 years
- Ambitious plan to onboard 1 Million members by the end of the year- more than 20 Pilots in flight- Timeline says end of 2019-
- KYC Compliant and interoperable
- Main problem is
- Do you know who you are talking to?
- Can you prove it?
- Can you trust the proof?
- Can you do it in less than 5 seconds?
- My CUID is the key- it follows the DiD structure.
- Credit Unions are very diverse spread out and subject to many of the KYC AML regulations as the banks
- We situated the effort in the context of the Stack
- Steve asked about people layer:
- Credit Union Issuing through a trust anchor (CU itself) MyCUID to a member.
- Legal burden of getting it right-
- Mechanism of making sure on line interaction the person
- Enrollment 20 Front End Auth providers at KNOW conference- we will partner
- Issuance Credential is pairwise between issuer
- Integrating into my life style. Identity is not enough- behavior lifestyle, etc. lending, payments, new account openings- voice banking using google home and alexa. Being able to use voice banking.
- What kind of info is being being put on the blockchain?(Zhang) How about revocation- through the
- How do you reconcile with KYC/AML (Stephane Mouy)- KYC backed credential- GDPR compliant today- remain KYC compliant
- How do we overcome the regulatory constraint? Involving the regulators NCUA. N
- Also we looked at some of the efforts to bridge to legacy systems. Most important of these were FIS, FISERV
- We had a demo of https://uniresolver.io a DiD resolver from the DiF, talked about what a DiD resolver is (a BIND for DiDs)
- Also a short talk on the various efforts
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- Greg Tucker -
- Jim Wowchuk- could not speak due to issues with
- Vipin Bharathan
- Sze Wong -
- Rick Cranston - Chief Strategist and co-founder in CULedger
- Exactly the same presentation as in the am.
- New question arose: There will be an implementation from someone that uses the new technology in the same way as in the past. What from SSI will prevent the Verifiers from demand and storing all the data the same way today?- Sze Wong
- Answers were not clear - Raise this question with Drummond or some of the experts.
- MyCUID is a DiD!
- AML/KYC infrastructure vary from jurisdiction to jurisdiction have you done any analysis about the differences, mobile carrier industry? Rick did not have direct answers, Carriers are in need of SSI. Pilots will tell the story- health care, public safety, search & rescue, Risk management, R3 to work and support us internationally.
- Structure of DiD
- BINDing was talked about with uniresolver.io
- Lots of discussion on DiD as a way for interoperating between ledgers as well as existing systems FIS, FIServ