Several elements are at play within a decentralized identity ecosystem, from Verifiable Credentials and Governance to the Blockchain technology that underpins it. Building out your ecosystem strategy is complex and can become costly if not executed correctly.

Each element of a decentralized identity ecosystem has its own set of challenges and costs associated with it. For example, Verifiable Credentials require a way to issue and manage them, while organizations must implement Governance structures to ensure the ecosystem stays compliant and runs smoothly. Blockchain technology also has its own set of costs in terms of development and maintenance.

• Decentralized Identity. Digital identities that are managed in a decentralized manner.
• Verifiable Credentials. A digital credential that can give your organization a significant advantage in terms of speed, security, and cost.
• Blockchain & Distributed Ledger. A shared database with some unique features where many different parties can read and write data.
• Governance. Digital Governance can range from totally informal and essentially non-existent to a massively complex, global community.

To build a thriving decentralized identity ecosystem, you must consider all of these costs and challenges carefully. Only then will you be able to create a strategy that will work for your specific needs.

Our Ecosystem Strategy Service provides clarity and guidance on integrating decentralized ecosystems into your organization to reduce costs and increase efficiency. We will help you determine where your organization can best use the technology, evaluate the feasibility of integration into your organizational processes, and recommend strategies to move forward. In essence, we develop a blueprint for how you can integrate decentralized ecosystems Into your business. 

Over the last 15 years, our passion has been developing a comprehensive service offering for decentralized ecosystem integration. We have the experience to bring clarity to your digital transformation, whether you’re a startup or a well-established organization. Our team is dedicated to ensuring your success. We provide a clear and concise approach with each business case analysis, so there are no surprises or ambiguities regarding implementation and go-live.

Our clients engaged in Ecosystem Strategy projects can trust that they receive clear, high-quality thinking and guidance around key topics, including: 

• What does the business look like in a decentralized ecosystem? 
• What are the significant points of control? And where does my organization sit within it? 
• Is your organization well-positioned for this transition, and what has it done to align with ecosystem change? 

The analysis will help you answer crucial questions about your current position, level of risk exposure and how to remediate any vulnerabilities. If you are faced with capitalizing on the benefits of trust-based ecosystems while mitigating risks and protecting your business – our team of experts will bring clarity to this challenging transformation.​