Current challenges with identity.
- Signing up multiple times
- Provider controlled
- Data propagated
- Redundant sign-ups
- Data vulnerability
- Compliance overhead
- Easy to fake
We harness new technical and governance possibilities to create an identity ”enabler” for all. With globaliD, individuals can rightly and responsibly control their assets and permission-based conduct and be trusted in turn by others who do the same. Doing so is possible by reciprocally balancing the rights and responsibilities of a universal and portable identity.
Every person has a right and a responsibility to a secure, trusted, and private identity. Many of the world's poorer individuals have no way to participate in the connected world because they have no digital identity. But even for those of us with means to garner access, the status quo is friction-laden with redundant sign-ups as well as susceptible to abuse by bad actors.
The prevalence of electronic connections implies that we each must identify ourselves in order to prove our authorization for particular conduct—without necessarily wanting to give up any more private details than necessary.
Distributed ledgers suggest new possibilities for a universal and portable identity solution that needs not rely on a centralized authority. A distributed ledger provides public permanent digital records with no central administrator.
The alternative of distributed-ledger technology and federated governance provides a democratizing, bottom-up identity architecture that includes and benefits every member of society. We provide a reliable, safe, private way for all people to have an identification that further enables them to participate in the evolving economy.