The future of cryptocurrency is trust

The identities and trust we have now

Digital signatures

Know your customer (KYC)

Anti-money Laundering (AML)

Exchanges

‘Offline’ Trading

The identities and trust we could have

Digital signatures are associated to ‘identities’

Know your customer (KYC) just becomes ‘identities’

Anti-money Laundering (AML) associates to ‘trust’

Exchanges

Regulatory & Law Enforcement

Other service providers

Exchanges that now don’t need to be IdPs

Hold on a second, so how does some key bits of this actually work?

So what identifier is used to query?

Given the range of IdPs, how does one find which IdP has verified which public key?

Couldn’t each IdP verify to different levels though?

Are all IdPs equal?

Isn’t the proxy a privacy and trust issue?

What does an example query/response look like?

Is this on or off chain?

Surely there must be more to it than this?

Who defines these standards and oversees the identity federation?

Why would IdPs sign-up to be IdPs?

What if someone does share/trade their private key?

So what does this all achieve?

Better trade

Web of Trust

Anti-money Laundering (AML)

Uptake explosion

Can this be actually done?

Definitely, maybe

This is a lot of technology that needs to be made

I know you set privacy-orientated coins to one side, but… what about them?

What next?

The thin blue line between technology and everything else. joelgsamuel.com

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Joel Samuel

Joel Samuel

The thin blue line between technology and everything else. joelgsamuel.com

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