Concept of SSI 

Self-Sovereign Identity (SSI) is a digital identity model in which users have full control over their identity data, without relying on a central authority like a large corporation or government agency to store, manage, or decide who can see that data. SSI gives individuals full ownership and control over their digital identity, allowing users to decide when, how, and with whom their data is shared. Digital identities are stored in a personal digital wallet and are only selectively shared for specific verification purposes, not all personal data. 

Core Principles: 

  • Decentralization, Privacy, Security, Interoperability 

Supporting Technologies: 

  • Blockchain, Decentralized Identifiers (DID), Verifiable Credentials 

SSI in Public Service Transformation 

  • Reducing Bureaucracy: Citizens can access public services without repeated identity verification. 
  • Administrative Efficiency: Integration between government agencies through verifiable credentials. 
  • Data Privacy: Citizens share only necessary data (principle of minimal disclosure). 

Use Cases: 

  • School or university enrollment. 
  • Access to healthcare with verified medical records. 
  • Secure digital voting. 

SSI in Business 

  • Customer Onboarding: Faster and safer KYC (Know Your Customer) process. 
  • Transaction Security: Reduces identity fraud risk. 
  • Digital Ecosystem: Integration with e-commerce, fintech, and banking. 

Use Cases: 

  • Opening bank accounts remotely. 
  • Identity verification for sharing services (ride-hailing, marketplace). 

Impact and Benefits 

  • High Security: Reduces data breaches due to no centralized database. 
  • Full Control by Individuals: Users decide who can access their data. 
  • Global Interoperability: Supports cross-border identity for international business. 

Future of SSI 

  • Integration with Web3 and Metaverse: Digital identity for virtual worlds. 
  • AI and SSI: Automated identity verification. 
  • Digital Economy: SSI as the foundation for secure transactions in the digital era.