The ultimate goal is accelerated development, solving digital identity challenges for virtually any device, application or service on the internet.
The Ocean network is a decentralized data exchange protocol that enables the sharing of data while guaranteeing control, auditability, transparency and compliance for all actors. The foundation is building a global public utility for self-sovereign identity. The protocol provides the underlying technical foundation that data marketplaces need to connect data providers with data consumers in a trusted environment. The program also looks to serve businesses, providing solutions to digital identity in the enterprise. This is the element that enables individuals to retain the power of his or her data, information, and control who can or cannot access it.
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The question of personal identity reaches far beyond these titles, with concern growing. Data about the individual will be confirmed by a trusted third party (i.e. Not only in the execution, but because of the DID system defined above, customers can rest assured their identity will remain secured and their own, prospectively. Sovrin’s utility token distribution event is scheduled for mid-2018. The identity owner controls the DID document by controlling the associated private key.
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Sovrin seeks to displace the current, antiquated digital identity processes and create a standardized, safe-guarded digital identity protocol for every person (or business) to utilize for transactions and information sharing.
It nurtures a data ecosystem and community. Although the initial target market is focused on the banking sector, the project has the potential to play a significant part in preventing data breaches in any digital environment. After the recent Cambridge Analytica and Facebook debacle, interest in Sovrin and its ICO (as yet to be announced in detail) is likely to be vast to say the least. Members of The Sovrin Alliance have special access to resources and development activities that create value within the Sovrin ecosystem. Being in incubation under Hyperledger will also improve Indy’s cross-ledger identity management with other incubator projects, such as Fabric, Sawtooth, and Corda.
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SOURCE The Sovrin Foundation
Smart Trip Platform will have a wide range of social network features: chatrooms, blogs, photos & videos, This is where the Sovrin mission comes in: create the equivalent to a passport, with a standardized process online, that is confirmed and controlled by the owner. Ocean Protocol is a decentralized data exchange protocol that lets people share and monetize data while guaranteeing control, auditability, transparency and compliance to all actors involved. Swiss National Bank board governor Andrea Maechler made claims that central bank issued digital currencies would pose “incalculable risks” whilst addressing an audience on the subject. The global collaboration is hosted by The Linux Foundation and includes applications in finance, banking, the Internet of Things, supply chain, manufacturing and more.
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This verified data (i.e.
With the data collected surrounding the ICO metrics and overall idea, CryptoK9 Analytics determined the most similar ICO for comparative purposes to Sovrin is Civic. When identity is “self-sovereign”, it becomes a hub for many types of interactions like secure messaging, data sharing, and the management of consent. Supported by a Board of Trustees, Technical Governance Board, Executive Director and Staff, the Sovrin Foundation is the first of its kind. Civic, similar to Sovrin, is pitched as a “secure lover cost access to identity verification via the blockchain”. Sovrin, as it would be called, is an open-standard, open-sourced protocol developed with the objective that the owner controls his or her digital identity.
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tool and travel-centered social network - all powered by blockchain.
The Sovrin Foundation, a global nonprofit overseeing the world’s first self-sovereign identity network, hopes to attract more developers by having Indy incubated with Hyperledger. Sovrin’s ecosystem looks to solve these process gaps and allow an individual to easily use a digital identity and do so with a sense of trust. The Sovrin Foundation expects to release more resources as Alliance membership grows. Smart Trip Platform will have a wide range of social network features: chatrooms, blogs, photos… A blockchain-enabled ecosystem that connects travelers and travel service providers to create unforgettable