1、Framing Organizational CredentialsFrom Wallets to Impact GDC Day 1 Session PresentationCollaboration Discussion-Ivan Mortimer-Schutts,GLEIF Head of vLEI-Vasily Suvorov,GLEIF Technical Advisory Board/Accelerate-Darrell ODonnell,AYRA“Business/Org Identity”and “Business Wallets”are gaining attention wh
2、at are we solving for?Many key questions remain open and we need answersLets revisit the Big Picture!Building blocks Macro-trends Design Choices3Economic interaction entails exchange&transformation of data between different partiesThese parties have different roles;the underlying data is diverse in
3、origin,content,format,standardsGovernments&Authorities Sources of official records Providers of legal certainty Enforcers of regulations,controls Issuers of certifications,qualifications,receipts and other high assurance datasetsLegal Entities Enter into commercial agreements Produce,transform produ
4、cts andexchange of and access to data Exchange information,set terms,qualifications with partners and clients Borrow,invest,transact via financial systems Have status as legal personsAuthorized PersonsAre assigned to act on behalf of an entityBut their role for an entity depends on their Identity as
5、 a natural personThey may act alone,through delegated powers or in combination authorize or approve transactions,attest to the accuracy of data.VerifiersCounterparties rely on the accuracy,provenance and integrity of data,of claims,and documents and need to therefore trust governance networkDiverse
6、data credentials attestationsBUILDING BLOCKS4The data market super cycle:A digital economy flirting with the worst of both worldsWe have entered a low trust high friction market structure that needs to be resolvedMarket Frictions&Transaction CostsVolume of Digital/Data InteractionsHigh trust low flo