Payments on Fire

Episode 68 – Digital Identity, a Mobile App, and a Blockchain – SecureKey

Digital identity is a crisp sounding term that belies a complex layer of concepts. There is identity proofing, identify verification, identity assurance. Each addresses one element of the many questions raised by digital identity.

  • How does a bank really know the digital presence at its banking portal is associated with the accountholder?
  • How can you, as an individual, release only the amount of data necessary to satisfy the parties to the transaction? We share more than we need to. I still get carded at a bar to prove I’m over 21 (what a waste of time!). When I show my license, the barkeep also sees my address, license number, and more. Definitely a case of oversharing.
  • If parties such as utilities, government, and financial institutions vouch for that digital presence, should any of them be responsible for proving that digital presence is right and true?
  • Simplifying complex problems for multiple stakeholders should be a formula for success. SecureKey is a long time player in the identity ecosystem, having built a federated identity platform linking Canadian citizens to government resources using bank-issued credentials.

SecureKey has evolved its system to make use of a mobile app as well as a blockchain-based database that securely points to data stored by banks, utilities, and government entities, all in a zero liability arrangement.

This conversation between Glenbrook’s George Peabody and SecureKey’s chief identity officer Andre Boysen dives into identity concepts, how SecureKey’s Verified Me system works, and its use of blockchain.

For more on digital identity concepts, look at NIST’s excellent set of Digital Identity Guidelines.