What is decentralized identity (DeID)?
Decentralized identity (DeID) gives individuals full ownership and control of their identities and its associated attributes. All the information used to build an identity is encrypted, signed, and protected with digital keys that can be used to confirm an individual’s identity without ever exposing the sensitive information aspects of that identity. Relying parties (Employers, governments, and retailers) don’t store critical and sensitive user identity attributes. Users store all encrypted identity related information in a digital wallet on hardware protected area on their mobile device.
Why do you need DeID?
Allow individual users to own their digital identity with a greater focus on privacy, control, security, and ease of use.
Organizations can issue and verify identities without having to request access to or store a user’s private data, thereby improving compliance and reducing potential credential theft and fraud.
Developers can build applications and services that without the need to store user credentials or sensitive personal identifying information (PII).
How does DeID work?
A typical DeID journey
- A user with a digital wallet app, may verify their identity with a government entity with an ID verification service using existing identity documents such as passports, driver licenses, etc. Once the identity is verified, a verifiable credential (VC) is then issued to the user by the Identity as a Service platform. The individual VC is stored in the user’s digital wallet.
- Using the initial National ID based VC, a bank or other entity can issue banking / other credentials to the user in the form of VCs that is also stored in the digital wallet of the user.
- When a user interacts with a service provider (eg. an e-commerce vendor), they can provide their VC from their digital wallet which the service provider can verify via the Identity as a service platform that can facilitate the verification without having to interact with the issuer.
What the experts are saying...
Entrust Identity Tops the 2022 SPARK Matrix™
Quadrant Knowledge Solutions has placed Entrust in the top-right corner of their 2022 SPARK Matrix™ for user authentication. This extensive research study of 31 vendors rated criteria for technology excellence and customer impact and provides a visual representation of strategic performance of their performance. Find out why Entrust was placed in the top-right quadrant of the 2022 SPARK Matrix™, and where other vendors are placed in comparison.
KuppingerCole Overall Leader
KuppingerCole has selected Entrust as an Overall Leader for Enterprise Authentication, as well as a leader in Product, Innovation, and Market Vision. Some of the reasons cited include remote identity proofing and employee onboarding with biometrics and liveness detection, high assurance credential issuance, and an excellent admin interface. See why Entrust received perfect marks in security, usability, and deployment. We also won an award in 2019.
Forrester Opportunity Snap Shot
In March 2018, Entrust commissioned Forrester to conduct a study exploring approaches and challenges of user authentication and access management. The study surveyed 100 IT and IT security executives in North America who are responsible for authentication andidentity access strategy and technology and/or security at their organization.
Frost & Sullivan Technology Leadership Award
The company’s successful implementation of adaptive authentication procedures and appeal to the Zero Trust Security model impresses Frost & Sullivan’s analyst team and demonstrates its commitment to technological innovation in the identity industry.
Prepare for a Decentralized Identity future
Schedule a consultation with our decentralized identity center of excellence team to learn how you can prepare and get started on your decentralized identity journey.