24K/ Dynamic Data Economy:The big mountain behind SSI hill

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Dynamic Data Economy: The Big Mountain Behind SSI Hill


Thursday 24K

Convener: Robert Mitwicki

Notes-taker(s):  Robert Mitwicki

Tags for the session - technology discussed/ideas considered:

DDE, SSI, Data Flows, DID, MSP, PBS


Discussion notes, key understandings, outstanding questions, observations, and, if appropriate to this discussion: action items, next steps: 


During the session we gave a short introduction to the Human Colossus Foundation, presented the vision of Dynamic Data Economy, described what it is, briefly discussed major components.

The Human Colossus Foundation is a non-profit organization based in Geneva, Switzerland. The aim of the foundation is to build synergy within the ecosystem towards Dynamic Data Economy. Foundation actively designing, building and implementing core components.

Dynamic Data Economy - set of principles describing smooth data flows within the digital space

Data is like electricity

It has value when it FLOWS

It is costly when it STAGNATES

Major components of DDE are:

  • TDA - Trusted Digital Assistant - user friendly interface for DDE. TDA for DDE is analogy to what Web Browsers have become for the modern internet. It is a user gateway to the digital space.

  • Data Storage - Logical data storage for entities to store and manage their data

  • Purpose based services - purpose oriented service providers which expose their interfaces to the network allowing users to discover and interact with them.

  • Meaningful service provider - services focused on data enrichment

After describing the core components of DDE we delve into technical blocks which allows to achieve set goals:

  • KERI - he first truly fully decentralized identity system.

  • Authenticated Credentials (VC) - Verifiable Credentials - digitally provvable set of claims about the subject

  • OCA - Overlay Data Architecture - meta language to describe semantic of the data

  • Semantic Containers/Storage + Consent - portability mechanism for the data

SSI on its own with VC is just a teaser for what is coming. Identity itself is not enough to change the way we operate. Settling down just on those concepts brings a lot of risk into the community and the SSI itself. A lot of projects focus on monetization of the technology in the very early stage sometimes having negative impact on its adoptions. In HCF vision we believe that data flows which SSI unlocks brings much more value and opportunity to the community than anything else. Digital identity in a SSI form and VC are just enablers of the new coming dynamic data economy. DDE is the big mountain which is sitting behind the relatively small SSI hill which everyone is trying to climb. With that vision we are able to design and build much more sustainable models and build the technology to serve all.

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