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May 30 - June 2, 2023 | ARIA Resort & Casino, Las Vegas, NV
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2022 Event | Session Video
How Verifiable Credentials Can Enhance and Extend Existing IAM Systems

Speakers: Drummond Reed, Director of Trust Services, Avast; Brent Zundel
Principal Crytography Engineer, Avast
Date: Tuesday, June 21, 2022
Location: Denver, CO

Description: In today’s interconnected world, we’re constantly asked to share data between organizations. We need to share our medical history from one hospital to another, or perhaps we have a COVID-19 test that we need to send to an airline ahead of a flight. Historically, these ‘cross-silo’ scenarios have required complex and costly technical integrations between each organization. As more connections are mapped, costs rise exponentially and security and privacy complications multiply.

With verifiable credentials and decentralized identifiers, we can put the individual in the center — giving them the ability to store, control, and move their data without custom integrations between organizations. Individuals can now share trusted information across an endless ecosystem in a secure and privacy-preserving manner. Yet, the true value comes not from replacing IAM systems with a decentralized model, but from enhancing and extending existing IAM systems. A combined approach enables organizations to continue to leverage the benefits of a tailored system, while strengthening customer relationships, minimizing data collection, and improving trust.

In this session, we’ll go over the benefits of decentralized identity, real-world examples of companies that have taken a combined approach, and the steps organizations can take to map verifiable credentials to their existing architecture.

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