SSI will change the business model for many traditional industries, but it is definitely not a bad thing. It brings more opportunities.   

This clip is part of the #SSIToronto Webinar 5 - Embracing Privacy to Fuel Growth.

The explainer is given by Dave McKay, the Identity Architect of Northern Block (www. northern block.ca). It is part of the #SSIToronto Webinar 5 - Embracing Privacy to Fuel Growth.

Many organizations that work with communities of people or large customer bases see data privacy as an impediment that is forced on them. Data privacy strategies often become check-the-box types of solutions to ensure adherence to data privacy laws. Self-sovereign Identity switches the ownership of data on its head but the question still remains, is privacy an impediment to growth or can it fuel growth? 

Our panelist discussion will evaluate both sides of the argument and look into new business models for privacy-enabled growth.

Where are the Covid-19 verifiable credential projects today, and what challenges are they facing?

What are the potential use cases of verifiable credentials and how is it better than other identity models?

In the first clip, it talks about why the verifiable credentials technology is ready for wider adoptions amid Covid-19.

Everyone is encouraged to join the movement that using SSI to reopen the economy.

SSI can be added in the existing ecosystems to rebuild the trust in the digital world, and reduce the friction in customer experience. 

In the second clip, the solutions that SSI can offer in the digital world are discussed. 

Mathieu Glaude, CEO of Northern Block, is explaining SSI with a simple story.