- From: Erik Anderson <eanders@pobox.com>
- Date: Tue, 26 May 2015 17:22:40 -0400
- To: Web Payments IG <public-webpayments-ig@w3.org>
Please comment on the below definitions. I hope this adds clarity to the identity process. Credential: Is a professional or personal qualification, achievement, quality, or piece of information (governmental, official, legal or industry) about the background of an individual or entity such as a name, home address, government ID, professional license or designation, or university degree, typically used to indicate suitability. The use of credentials to demonstrate capability, membership, status, and minimum legal requirements is a practice used in society for ages to inspire trust and loyalty towards those accountable to a generally accepted responsible authority, institution or company. Unbound identity: is a tokenized form of credential(s) created for an individual(s) which cannot hijacked and/or extracted from the unbound identity token by an unauthorized user be it for unintended or intended purposes. Identity hardening: is the marriage of credentials and technology by way of a process where an unbound identity is combined with technologies (geolocation, biometrics, multi-sig, hardware devices and hardware tokens) to confirm that the unbound identity and the person connected to the technologies are one and the same. Bound identity: is a hardened form of an unbound identity. NOTE: Identity and Credentials together and combined legal entities and individuals, create the lego building blocks that shape the matrix that facilitates the efficiency in the automation of KYC/AML whilst reducing layers of friction and costs. It is incumbent however upon the the financial institution, insurance company or service provider (if they so choose) to be ultimately responsible for the final hardened identity and its assurances. Erik Anderson Bloomberg R&D & W3C Web Payments IG/SG
Received on Tuesday, 26 May 2015 21:23:51 UTC