Re: SSI-Powered On-Chain Real-Time Compliance

On Sat, Dec 6, 2025 at 4:27 AM egidio.casati@nymlab.it
<egidio.casati@nymlab.it> wrote:
> Hello, I’m Egidio Casati, Co-Founder at PlatformD.

Hi Egidio, welcome to the community! :)

> Exchange with other teams working on credential-based financial infrastructure

Our company (Digital Bazaar) has "dabbled" in the space for over a
decade and have engaged with various financial institutions and
standards organizations related to payments, KYC/KYB, supply chain
finance, and a variety of other "credential-based financial
infrastructure" things wrt. W3C Verifiable Credentials, Decentralized
Identifiers, and DLTs over the past decade or more.

We've found many of these organizations interested in experimenting,
but rarely pushing to production; their research teams tend to be very
forward looking, but the core institution tends to be extremely
conservative... sometimes for good reason, but most often because the
change is too dramatic or the value generated too small to account for
the regulatory risk they would be taking on).

All that said, there has been some progress... when we started down
this path around 2008 or so, banks couldn't imagine processing a
verifiable credential and basing their KYC process off of a credential
that another organization issued. Governments were very far from
issuing verifiable credentials. Fast forward to today and banks and
financial institutions are consuming VCs as a part of their KYC
process... albeit, adoption is at a glacial pace, but it is happening.
Progress is always slower than we'd like.

I took a look at your article and website and don't understand the
value add that's going to result in financial institutions adopting
your chain, or your worldview. What we've seen over the past decade+
are blockchains that attempt to reinvent the entire financial stack,
with a boatload of additive features, when taken on the whole seem to
indicate immesurably large value generated when, in fact, the switch
for financial insituttions is just too large for them to make. So,
with PlatformD, what's in it for them? Why would they switch to your
system from the existing one they have? What's the core value
proposition where that alone will get them to switch?

-- manu

-- 
Manu Sporny - https://www.linkedin.com/in/manusporny/
Founder/CEO - Digital Bazaar, Inc.
https://www.digitalbazaar.com/

Received on Saturday, 6 December 2025 17:30:04 UTC