Digital Identity – Ecosystem / Market

I woke up in the middle of the night (too many exciting and scary thoughts bouncing around in my skull, apparently) and was silly enough to check my phone and see a tweet roll by where Naval Ravikant was engaging with MalwareJake. So much for getting back to sleep!

Naval’s answers provide a hint of what the future of decentralization provides. Some of the use cases are intriguing but not ones that will create multi-billion dollar industries. But I like where Naval is taking this.

His further response got me thinking even more – because I agree 100% with “Personal Identity Ownership” as a multi-billion dollar (or larger) ecosystem.

So I chipped in with one of my ideas that I’ve committed to for the next 5-10 years.

Decentralized/self sovereign identity. Until blockchain companies had to own Our digital identity. Now we can control much of it and focus on the relationships I have with people, orgs, things. It builds an ecosystem/market that is enormous.

— Darrell O’Donnell 🇨🇦🆔 (@darrello) January 2, 2018

You see, Digital Identity underpins everything we do online and a lot of what we do offline. Each of Naval’s use cases benefits from an effective digital identity, and to me, that means a self-sovereign/decentralized identity that I control.

In the case of an organization (e.g. corporation), it may have its own digital identity – along with relationships with employees, customers, shareholders, regulators, etc.

We’ve invested heavily in Evernym and Sovrin because of our belief that the ecosystem created for digital identity is enormously powerful and will shake many industries. I call it ecosystems – Andreas Klinger calls it markets. Naval agrees.

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