How ID companies can speed up verification without increasing fraud - Live Event
You've probably heard the buzz: Decentralized ID is the next big thing, promising to speed up onboarding, boost transaction speeds, and make business processes more efficient. Gartner says the transition to Decentralized ID is underway, and KuppingerCole? They're calling it the biggest disruption to ID in decades.
But let's get real - what does Decentralized ID actually look like in practice in a KYC or Biometrics process?
💡 What You'll Learn In This Session
🧩 Live Demo: See Decentralized ID technology in action within a KYC flow.
📲 The ID Wallet’s Role: Watch how verified ID data becomes a verifiable credential in a customer's wallet and how customers can use it to onboard and transact faster with your commercial partners.
📈 Privacy-Protected Monetization: Learn how to monetize reusable ID credentials without compromising customer privacy.
This FREE 1-hour session is your ticket to staying ahead. Whether you're looking to streamline processes, boost efficiency, or just understand what the hype is about, we've got you covered.
Timestamps:
00:00 Demo
25:00 How does Credential Monetization ensure privacy?
26:30 How do we ensure that competitors won’t be able to verify those credentials?
27:45 What if I want a credential available outside the ecosystem?
29:05 Who sets the price for a credential? Issuer or Ecosystem Admin?
31:45 Do the Issuer and verifier have to negotiate the fee in advance?
32:35 What if the verifier faces a fee and they refuse to pay?
34:18 What's Dock’s business model around this feature?
39:50 How can a verifier be sure that the person presenting the credential is really who they say they are?
42:20 Is Decentralized ID supposed to replace or complement existing IDV/KYC systems?
45:00 Will companies have to launch a standalone wallet?
Audience Questions:
47:47 Can credentials be expired automatically vs manual revocation?
49:50 Is the revocation happening via the ecosystem partner Clarity in this case?
51:10 What’s the underlying infrastructure that powers the verification/issuance?
52:27 Who pays for that verification fee?
53:35 Pricing
55:14 You mentioned the term ecosystem. Is there a provision where different ecosystems could communicate with one-another? I'm thinking in terms of a multi-tenancy environment.
57:17 What happens to the VC and the tied biometric UUID if I change devices?
58:35 What about data privacy in SaaS model?
1:01:25 Is it correct that dock.io is only applicable for credentials held by a human holder? Or, can dock.io also be used for credentials held by a company? So, can company verify the credential(s) of another company holder?
1:02:30 The payment is separate and not based on any type of chain payment via gas etc?
1:03:15 What's the weight (mb) of the wallet if embedded into an existing app?
1:04:20 Can an individual hold multiple did's in the same wallet/app? For example they have a bank issued DID and then say they have multiple social network did's for the same social network or multiples.
1:05:30 Who will be the custodian of the keys in the cloud wallet?
1:06:35 In this demo, it's clear that you are playing roles for issuer, verifier, and holder of the credential. What commercial providers are currently able to offer verfier services?
👥 Meet The Presenters
▶ Richard Esplin, Dock's Head of Product, and former Director of Product at Evernym, responsible for the development of Hyperledger Indy, Aries, and Ursa, and the deployment to the Sovrin network.
▶ Euan Miller, Dock's Head of Sales and Partnerships.
▶ Nick Lambert, Dock's CEO.
📚 EXPLORE:
Website - https://www.dock.io/
👨👩👧👧 FOLLOW:
Twitter - / docknetwork
Discord - / discord
LinkedIn - / docknetwork