Wednesday, September 20, 2017

Humanizing technology



This infrastructure consists of a network with two

different types of nodes—people and organizations—with each individual being able to join lots of different groups. But regardless of how many groups they join, people will need a digital identity that is not owned by Twitter, Amazon, Apple, Google or Facebook. That’s the only way they will be able to control their own autonomous interactions on the internet. If open standards are not created for this critical piece of infrastructure then we will end up in a future where giant corporations control all of our identities. In many ways we are in this future now.
This is where something called ‘Shared Ledger Technology’ or SLT comes in—more commonly known as ‘blockchain’ or ‘distributed ledger technology.’  SLT represents a huge innovation in terms of databases that can be read by anyone and which are highly resistant to tampering—meaning that data cannot be erased or changed once entered. At the moment there’s a lot of work going on to design the encryption key management that’s necessary to support the creation and operation of these unique private channels of connection and communication between individuals and organizations. The Sovrin Foundationhas built an SLT specifically for digital identity key management, and has donated the code required to the HyperLeger Foundation under ‘project Indy.’