Self-Sovereign Identity
In the context of telecommunications and residential broadband, Self-Sovereign Identity (SSI) is an approach to digital identity management that empowers homeowners and homebuyers to have complete ownership and control over their personal data. With SSI, individuals can create and manage their digital identities using decentralized technologies, such as blockchain, ensuring that their information remains secure, private, and easily verifiable.
Key aspects of Self-Sovereign Identity include:
- User control: SSI enables individuals to have sole ownership and control over their personal information. They can decide what data to share, with whom, and for what purpose, without relying on intermediaries or central authorities.
- Decentralization: SSI leverages decentralized technologies, such as distributed ledgers and blockchain, to store and manage digital identities. This approach eliminates the need for centralized databases, reducing the risk of data breaches and unauthorized access.
- Selective disclosure: With SSI, individuals can share specific aspects of their identity, such as proof of address or credit score, without revealing their entire identity or unnecessary personal details. This granular control enhances privacy and minimizes the risk of data misuse.
- Interoperability: SSI promotes interoperability by using open standards and protocols, allowing individuals to use their self-sovereign identities across different platforms and services. This streamlines the process of proving one's identity and reduces the need for multiple accounts and passwords.
For homeowners and homebuyers, Self-Sovereign Identity can simplify the process of verifying their identity when applying for broadband services, signing up for smart home technologies, or engaging in online transactions related to their property. By maintaining control over their personal information, individuals can ensure that their data is shared securely and only with trusted parties, reducing the risk of identity theft and data misuse.
