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SSI

Successfully testing the potential of digital evidence from the private sector

The digital transformation has made considerable progress in recent years and has fundamentally changed the data protection requirements for companies, such as the new General Data Protection Regulation. In this context, the concept of Self-Sovereign Identity (SSI) is also becoming increasingly important.

07. Nov 2023

The digital transformation has made considerable progress in recent years and has fundamentally changed the data protection requirements for companies, such as the new General Data Protection Regulation. In this context, the concept of Self-Sovereign Identity (SSI) is also becoming increasingly important. SSI provides the ability to manage an individual’s identity and credentials digitally, securely, privately and decentrally, reducing reliance on centralized identity providers and providing a solution for privacy-compliant handling of customer and employee data. While SSI is often associated with government E-ID initiatives, the proof-of-concept (PoC) shows that private companies can also benefit significantly from this technology through verifiable digital proofs.

The applications of SSI in the public and private sectors are synergetic: the future state infrastructure for digital identities and state digital proofs will enable a large number of private applications, and conversely, private applications will expand the functionality and relevance of the state infrastructure. This synergy will further drive the development of SSI ecosystems and accelerate the acceptance and spread of this innovative technology.

Conclusion: The benefits of verifiable digital evidence for the private sector

The results make it clear that SSI and digital proofs are not only relevant in the context of government E-ID initiatives, but can also offer significant benefits in the private sector. Companies can use SSI to improve the security and privacy of personal data via digital proofs, make processes more user-friendly and efficient and create new application possibilities.

Users’ privacy is preserved as they retain control over their own data, while the verification of proofs becomes automatically verifiable.

The decentralized nature of SSI also enables a high level of interoperability, which facilitates the use of verifiable evidence across different companies.

Companies should take the first steps towards SSI today to take advantage of this technology before government E-ID initiatives are rolled out across the board. The experience of this PoC makes it clear that verifiable evidence can also play a key role in the private sector by raising security, efficiency, data protection and trust to a new level. All types of physical ID cards or documents are suitable for issuing as digital proof, such as customer cards or proof of insurance.

The next step is to present the PoC and its findings at the federal government’s E-ID participation meeting.