What is the value of a self-sovereign identity platform?
Businesses recognise the value of self-sovereign identity and the customer experience it creates. Specifically, businesses that are examining their customer relationships understand views and trends on privacy and other related aspects.
At the compliance level, self-sovereign identity offers higher security and explicit consent. Self-sovereign identity platforms also provide the new option of zero data that uses zero knowledge technology. Zero knowledge is used to confirm whether a customer has a particular document or is of a certain age or not. By using this technology, businesses minimise the data they receive, and thereby reduce security risks.