How Tokenized Identity Will Create New Forms of Digital Citizenship by Thulasiram Peddiboina

Transcript

Hi everyone. Uh this is um Ram. Uh I'm the founder of Kali. Um so um uh previously I worked in um Polygon as a solutions lead. Uh I had like a 7 years of experience in web 3. Um so today uh my topic is um how to tokenize identity will create new forms of digital citizenships. So um everybody is having the identity. So how many how many accounts each one of you have like know we have like know uh Facebook, Instagram, Twitter um and all other accounts like know maybe Binance and

Coinbase and everything we actually give our data whether it is an email through the email uh authentication or somewhere um or anything like um our sometimes like we have to provide our KYC uh like passport information and other identity information for the verification and everything. So, uh can you tell me uh how many of you uh have like you know at least 10 accounts in your please raise your hands. Okay. So there is a study saying that like know every web3 developer uh will have around like know minimum 30 accounts and general population will have at least around 10 to 15 accounts

uh where they have like you know identity in their with your name and all your details and you they build a persona about your what the transaction that you are doing or what the activity that you are having and everything. So that means like you are sharing your our identity everywhere. So every every centralized institution any company will have a your data and your identity and everything and they can do whatever they want with that. So this is what the identity crisis uh means. Um we our identity as I mentioned our identity is fragmented. it will be like all over the places and there is a very high chance that it will be hacked or like used like

you know unauthorized way or something like that. So you can say that uh like know most of the time people will have like you know millions of users of data data sets of the user data and they will you can buy purchase with like 10 or $50 um in the dark web. So these kind of things are there. Why this happening is because like you know we uh don't have the like you know data control and and all the things happen in the various our data will be spread across various u like you know uh various places and and the thing is like know whatever the transactions that are happen happening with for example any social media or anything any platform all the thing all the data and all the activity will be

like you know monitored by the centralized uh things like each company will have their own database of users and they it will create because of this AI era everyone will actually create the own persona of the person in their own database and is actually insecure verification. So the thing is we will uh most of the time the we will actually accept like know sign in with Google or sign in with our Twitter or Facebook or something like that but we don't actually see that this data is securely uh like know authenticated or like know the data will be transferred securely or not we don't have any guarantee with that. So these are the main challenges and there is a one more thing like

identity paradox which is like you know convenience over control. So we have like two options which is like know sign in with our data or something like that or we we actually remember our password which is very long and like know which is most uh like know a lot of characters and like know special characters and we have to type it manually every time. So most of the time uh people will use uh choose like convince uh instead of like security unless it is like a very big uh like bank uh like know passwords or something like that maybe bank passwords and everything also will be uh people will store in some some notepad or like know maybe in uh some single password

sharing platform and we can't we can't able to trust them whether how they are actually like you know saving uh our information and everything. So um and like you know for example uh in there is a one more approach where we actually store or remember our uh password which should be like know ideally we have to remember like know each password for each uh use like each platform we sign in for example a separate password which is very secure for each platform like Instagram or Twitter or anywhere and it is actually practically impossible to see most of the time we actually share the password and everything which is not very good. Uh as I mentioned people

intend to like know lean toward the convenience over control which is very very dangerous in especially in the um like this LLM era because there are if you like know give a proper prompt for the LLM it will split out like a few private keys as well. So we have to be very like careful and most of the people lost a lot of funds especially like know in web3 age using these like know they're accidentally pushing their private key into the GitHub or something like that.

So the solution is decentral identity uh which is like you know the user will hold actually the uh like an authority authenticity of the data the has like a full control user has the full control over the their identity and like you know uh it's actually portable uh which is like um you can actually carry in your mobile or something like that and you can be like you know transfer to multi another mobile if you using like different mobile you be able to carry those things securely and like know verifiable credentials. So all the credentials can be there should be some like know single uh like know protocol that any we can actually verify our KYC

exam for example anywhere in the website for example like know we can we it should be useful for uh just like our card or like know driving license or something like that whether we can that we can use in the hotels or like any other getting other services and identity verification it should be like you know useful for everyone. on uh irrespective of the industry and everything. So this is what the decentralization uh decentralized identity uh to do for us. Um so now there are like a lot of platforms are building like decentralized identity but this is what the tech behind it. It's number one is decentralized identities services which

is like you know everybody will have a unique uh identity whether it is like know zero knowledge or like no signature or something like that they will have their own identity and the verifiable credentials the they will there will be some standard protocols for issuing these credentials for each users whether it is like know your KYC or driveway license or whatever it is there are like certain protocols for the issuance and general knowledge proofs are actually like know very popular in this field because we can actually prove the like know identity without sharing any data or something like that. So these are the new technologies that are going on uh and these are very popular for creating this uh self-s sovereign

identity. So uh the whole uh like you know whole uh like idea for this thing is like know you full user control and there will be like an immutable verification. So full user control means user controls all the data irrespective it it won't actually show like store anywhere in the like know third party services or uh databases and there will be like know immutable verification. So for example like know nothing can change the verification process or something like that and it nothing can prevent the verification as well. Um so and it it can't it should not be able to like know change or manipulated or like anything uh we can do with that and there will be

no centralized authority that means like you know full user control there will be no no permission needed or we should require no permission from these third parties for example Google sign in the Google has to authenticate so this is actually we are giving the full control for the Google that means yeah so this means like you know with this self-s sovereign identity And these identity protocols we can create a global citizenship where users can actually travel anywhere or live anywhere and they can actually verify their identities and everything throughout the world. Um so for example borderless identity where we can actually use these uh ID cards and everything throughout the world or DAO governance where we can

actually these F3 protocols and everything have the governance using these uh like you know zero knowledge proofs or self sovereign identity which we actually make sure that this is actually happening from votings or anything happening from the users and uh portable reputation we can actually create uh like know we can put this DID and have like know add the reputations and everything so that it will be we will make sure that this identity is actually humanentric. So uh real world use cases. So I mean like as I mentioned there is a very big uh uptrend for the like know using these identity protocols for various industries for example D5, tradi and rwa. Uh so especially RWA we really

required the identity layer to control where these assets are going and like know where these uh um the these tokens like hardware tokens are actually moving or buying and selling and there is a healthcare data which is misused uh in a big way. So we can actually connect uh give the access to the user. So users authentications is required to like you know transfer data or something like that and crossber education. So I mean like uh people actually like know that every time we if somebody wants to like you know study in other countries they have to verify from agencies. They have to do the background check. They have to do the verification and everything. They have to students has to spend like know so much amount of money and also time

which we which we can actually prevent very easily with the um like know verifiable credentials and SSI. Um uh so I mean like as I mentioned um sorry for I think um there is a issue with this um presentation. Um I mean like this is like a rev revocable access so we can actually revoke these credentials uh very easily and transparent trust and um like know it is we don't need to store any password and everything it's very easy we we have the uh convenience and also the control as well [Music] um so I mean like as you can see we are

actually started interacting more with agents uh uh like you compared with the like know real people we already like know there are lot of uh services which are like you know customer care and these kind of things are already like integrated uh the AI bots and everything. Um so we have to uh like know that whether we are talking with the proper uh like you know uh agent or not. there is no uh like no proper um I mean like a mechanism to recognize you uh like know these agents as a like know valid trusted uh like agents or not. So we can use the uh like you know the verifiable credential system to give

like you know wallet or like any identity for each agent and the quantum safe ids as you can see that kachak 256 and ECDSA are having like an expiry date like 2030 or something u and these technologies are not sufficient when we got like know quantum computers and everything. Um and like you know we are we are building like you know for example these zero knowledge proofs and everything are very good uh uh to to overcome these kind of challenges and biometric secured we are having like smart devices and like smart rings and everything to make make us like you know store our identity securely with us and biometric authentications and everything

to make sure we have like you know we have the access to the identity all the time and u like you know uh and biometric security is like we can add fingerprints and diaries and these kind of things for like no identities as well. So at Kolki what we are doing is like we are adding these three technologies like four technologies blockchain AI and self-s sovereign identity and uh like you know account abstraction using the powering blockchain we are creating like you know these uh we are solving the various issues using these technologies like um cross industry integrations and for example identity verification and also D5 and trade uh use cases and also RWS

and um userentric uh trust test where user will have their all their identity in a single place and they can actually verify um using these uh techni application. So thank you very much and um let me know if you have any questions. Thank you. [Applause]