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December 20, 2019
vol. 22
End of year event recap
The Self-Sovereign Identity Incubator (SSI Incubator) would like to thank everyone who joined us for our culminating event of the year at the AWS Loft in downtown San Francisco. It was wonderful to see more than 100 investors, enterprise partners, and digital identity experts watching our inaugural cohort present their SSI based solutions.

The five startups that presented were Domi Labs, HearRo, MetaDigital, Spaceman ID, and Xertify. For a review of what each team presented, check out SSI Incubator's blog.

We would also like to give a special thanks to our founders, Hard Yaka and the Sovrin Foundation, as well as Darrell O'Donnell, CTO of CULedger, who participate in the fireside chat to kick off the event.

Now that SSI Incubator's first cohort has graduated from the 12-week program, we look forward to seeing their progress as their companies continue to grow. If you are interested in contacting the founders of one of the five startups, please reach out to info@ssiincubator.com
ICYMI: New SSI Incubator video
Hot off the press
Deep dives
  • KuppingerCole report: Sovrin Network self-sovereign identity: "Self-Sovereign Identity (SSI) from the Sovrin Network allows enterprises to streamline their collection of identity information, sign-on options for customers and employees, and move to a digitally-based identity verification system." —KuppingerCole analysts
     
  • Public consultation on FATF draft guidance on digital identity: "The Financial Action Task Force (FATF) is developing guidance to clarify how digital identity (digital ID) systems can be used for customer due diligence (CDD). The draft guidance intends to help governments, financial institutions and other relevant entities apply a risk-based approach to the use of digital ID for CDD." —Financial Action Task Force
Must reads
  • On self-sovereign identity: What's the business value of SSI?: "For businesses, SSI provides most of all an opportunity to significantly reduce KYC costs, remove the need and costs related of GDPR compliance, and improve customer experience." —Hackernoon
     
  • Most influential 2019: Muneeb Ali: "The startup is one of the most ambitious projects in the blockchain industry today, developing tools that could advance the “web 3” movement, where individuals have control over their data and the internet is decentralized away from mega-corporations." —Coindesk
Hear it from the experts
  • Use case spotlight: SSI Incubator & five new SSI companies: "Their outstanding achievements were showcased at the SSI Incubator’s celebration evening that took place at Amazon Web Services Loft event space on December 12, 2019 in San Francisco. The audience of nearly 100 attendees enjoyed the array of dynamic solutions presentations from the energized and visionary leaders." —Sovrin Foundation
     
  • Exploring vulnerabilities in the digital identity security of banking and finance: "When it comes to digital identifiers, blockchain could serve as an ideal conduit for Non-Person Entities (NPEs) to communicate between one another, allowing for a more automated, secure, traceable record of communications between one individual or the people within a company and the inanimate (or rather, conscience-free?) things within the company itself." —Heather Vescent, President, The Purple Tornado
     
  • A year of careful, prosaic BUIDLing: "We can also see this in digital identity, where the Decentralized Identifier (DID) specification is now standards-track at the W3C. Meanwhile different identity community efforts (Hyperledger Indy, the DIF, Sovrin, and others) are describing ever more coherently how they plug together and will be bringing better identity management and privacy controls to end users." —Brian Behlendorf, Executive Director, Hyperledger
     
  • The three pillars of self-sovereign identity: "It’s also necessary to counter the growing tide of “SSI-washing,” where we’re seeing more and more organizations jump on the bandwagon by claiming their solution/system/product is self-sovereign, when it isn’t." —Andrew Tobin, VP of Delivery, Evernym
A call for mentors and sponsors
There are multiple opportunities to participate in the SSI Incubator including:
  • Volunteer as a business/technical mentor to guide a SSI-based startup through its early development stages. The 12-week incubator is designed to get the incubator participants ready to present for the SSI Demo Day—the culminating event where they will showcase their SSI solution to a room full of investors. The SSI Incubator is looking for mentors who will share their expertise with the world's most-promising emerging early-stage SSI companies.
     
  • Become an SSI Incubator sponsor. The SSI Incubator is hosting a number of digital identity events in San Francisco this Fall and Winter including a SSI Demo Day in December. By becoming a sponsor of the SSI Incubator, you will be recognized as an advocate for SSI adoption and innovation among industry leaders.
Please contact info@ssiincubator.com to volunteer as a SSI Incubator mentor or sponsor.
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