The latest edition of Oaklen Consulting's industry watch highlights recommendations for using digital identity.
- In a global document, the World Economic Forum details the specifications for the use of digital identity in the world of transport, based on a 4-layer decentralized identity model:
- Decentralized digital identity network
- Communication protocol between actors
- Exchange of certificates
- Governance framework
These principles are fully applicable to the financial domain.
- In the United States, NIST has developed a digital identity model to be implemented by government agencies. This model is based on a breakdown into three complementary insurance domains (Identification, Authentication and Federation) and proposes risk analysis criteria to define the level of insurance required on each of the three axes according to the service provided to the end user. The objective is to optimize the robustness of digital identity solutions.
- In the United Kingdom, the Emerging Payment Association (EPA) breaks down the core digital identity services (identify a legal entity, identify a natural person, authenticate a natural person) into sub-functions that are detailed enough to be included in a consultation with market participants.
For more information and the complete watch: contacteznous@oaklen.eu
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