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Re: DIDs & Wyoming’s New Digital Records Law HB101

From: Jordan, John CITZ:EX <John.Jordan@gov.bc.ca>
Date: Sun, 20 May 2018 16:43:03 +0000
To: Christopher Allen <ChristopherA@lifewithalacrity.com>
CC: Credentials Community Group <public-credentials@w3.org>
Message-ID: <693AC9A0-A7C2-434B-99E9-A38AD9C036EA@gov.bc.ca>
Super interest Christopher.

First thought is to consider some of the language of beneficial ownership which attempts to cover not just direct control of an asset but indirect (trusteeship etc) control by the natural person that ultimately benefits from the asset. In this case a person could have influence over the “owner” (or controller) of the private key and thus be the ultimate beneficiary of the asset the key is associated to. The point is to not create another means to obfuscate ownership of assets or legal entities that are digitally managed.

Thanks for sharing

On May 20, 2018, at 09:35, Christopher Allen <ChristopherA@lifewithalacrity.com<mailto:ChristopherA@lifewithalacrity.com>> wrote:

I’m headed to Wyoming on Wednesday where they passed a business records law HB101
http://www.wyoleg.gov/2018/Introduced/HB0101.pdf — there is a meeting of legislators, lawyers, regulators, and other interested parties, and they are asking my advice on implementation & potential updates to the law.

In particular there is a new section defining shareholder that is interesting: “the owner of a private key that is uniquely associated with a network address that facilitates or records the sending and receiving of shares”

The definition of network address is DID-like “means the string of alphanumeric characters on one (1) or more distributed or other electronic networks or databases that may only be accessed by knowledge or possession of a private key in order to facilitate or record transactions on the distributed or other electronic network or database;”

Network Signature is added as a new type of signature beyond that of digital signature “a string of alphanumeric characters that when broadcasted by a shareholder to the network address's corresponding distributed or other electronic network or database provides reasonable assurances to a corporation that the shareholder has knowledge or possession of the private key uniquely associated with the network address;”

Lots of other interesting item in here relevant to DID futures in here.

If anyone sees any problems with this text, or opportunities, or ways to future proof it (like proofs rather than signatures) let me know as it may be possible for me to influence the future of it, and ultimately possibly to other states laws on digital records.

— Christopher Allen

Received on Sunday, 20 May 2018 16:43:34 UTC

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