Continuum Loop
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!
Censorship-resistant, permanent social media.
Distributed solar power grid, no monopoly in center.
Distributed wifi bandwidth grid, planetary scale, no monopoly.
Censorship resistant DNS.
Scalable TOR.
Uncensorable prediction market.
Swiss Bank as a service.
…— Naval (@naval) December 31, 2017
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.
Routers auctioning routes
Servers charging clients to stop DDoS & spam
Self driving cars auction right of way
Cross-border micro-financial contracts
Financing w/out Wall Street & Sand Hill road.
Personal identity ownership
Permissionless file storage grid
Evolving autonomous apps— Naval (@naval) December 31, 2017
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.
Genius.
— Naval (@naval) December 31, 2017
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.
Visit our blog to learn more about decentralized identity, and subscribe to our newsletter for updates.
