5. @tonilanec www.tonilane.com tlc@cultu.re
â Bitcoin is essentially an open-source internet protocol like TCPIP, or SMTP
â Digital scarcity: 21m bitcoin in existence
â Easily replicated: Dynamic new economic models
â Bitcoin is not the âinternetâ, Bitcoin is the âInternet of Moneyâ and blockchain is the âInternet of Valueâ
Bitcoin (big B) = the Bitcoin protocol
bitcoin (little b) = bitcoin the store of value
Blockchain = underlying technology
@tonilanec www.tonilane.com tlc@cultu.re
6. @tonilanec www.tonilane.com tlc@cultu.re
â Peer-to-peer transfer of assets,
ownership, rights
â Solved Double Spend Issue
â Public / Private Key
Cryptography, far more secure
and far less expensive than EVM
chip systems
â Public transaction history
allows data to be public to
the world at large, like the
internet, while preserving
the privacy & integrity of
individual identities
â Frictionless, low cost payments
requiring only the internet to
work
â Bitcoin turns days spent
processing payments into
hours, and 3-20% fees into
.01-1%
39. @tonilanec www.tonilane.com tlc@cultu.re
Examples of Self-Sovereign Identity Principles
â Existence: Users have an independent
existence â they are never wholly digital
â Control: Users must control their
identities, privacy or celebrity as they
prefer
â Access: Users must have access to their
own data â no gatekeepers, nothing
hidden
â Transparency: Systems and algorithms
must be open and transparent
â Persistence: Identities must be long-lived
â for as long as the user wishes
â Portability: Information and services
about identity must be transportable by the
user
â Interoperability: Identities should be as
widely usable as possible; e.g. cross
borders
â Consent: Users must freely agree to how
their identity information will be used
â Minimalization: Disclosure of claims
about an identity must be as few as
possible
â Protection: The rights of individual users
must be protected against the powerful
40. Decentralized Identifiers
40
Decentralized Identifiers
(Identifiers are owned by individuals)
Blockchains / DHTs
(Decentralized Ledger)
Veres One, Sovrin, Bitcoin, Ethereum, etc.
Issuer
(Website)
Government, Employer, etc.
Verifier
(Website)
Company, Bank, etc.
Holder
(Digital Wallet /
Personal Data Store)
Citizen, Employee, etc.
Issue
Credentials
Present
Profiles