Re: Ideas about the monetization of self-sovereign identity business

Very excellent concept -- think we need sufficient nodes to gain
credenence. I
E., beyond the government and consortium members.

Am keen to explore in depth and start building

Nathan Aw

On Fri, 7 Dec 2018, 02:18 Kevin O'Brien <kevin@kiva.org wrote:

> I like the concept, thanks for sharing.
>
> One thing I've wondered is where the perceived costs are in such a system,
> thus leading to a need to monetize at all, but that comes from my
> non-profit perspective.
>
> In our case, we could have volunteers running nodes. However, we'd likely
> need some paid folks to handle recovery / fraud resolution cases.
>
> Have others thought about where the main costs are (asides ongoing
> development costs of the underlying tech) ?
>
> On Thu, Dec 6, 2018 at 10:09 AM Gilang Bhagaskara
> <gilang@idblockchain.network> wrote:
>
>> Hi, this is my first time posting here, I joined hoping to learn and
>> contribute to this group. I'm relatively new to decentralized identities
>> and self sovereignty, so I hope that the topic I am bringing up is not too
>> far from the ideals and goals of this group.
>>
>> I want to share a concept design where a business running self-sovereign
>> identity services can monetize, with the following diagram as an
>> explanation. (sorry if it looks ugly)
>>
>> [image: image.png]
>> (use https://snag.gy/JB9SNa.jpg if picture is not available)
>>
>> Basically the business will be supported by a consortium of companies
>> running blockchain nodes, where the SSI company will channel its profit to
>> the consortium members.
>>
>>    1. Main source of income is from companies utilizing SSI services and
>>    paying yearly subscriber fee for their users (in USD)
>>    2. Government bodies can use the services with a discounted rate, up
>>    to 100% for identity issuer
>>    3. 50% of the profit the company receives is distributed among
>>    consortium members
>>    4. Portions received by consortium members is different depending on
>>    the deal with the SSI company
>>    5. Consortium members can also utilize the services for their
>>    business, converting the profit sharing into discount rate for subscription
>>    fee if the value is still viable
>>    6. Government can join consortium, also receiving the profit sharing
>>    7. Government (or other companies) can give grant to the ecosystem,
>>    either directly to the SSI company or to the consortium
>>
>> What do you think? Has this concept been realized before? What are the
>> pros and cons of this concept? Thoughts and questions are welcome.
>>
>> Regards,
>> Gilang
>>
>