Biblio

Recent years have seen an increased interest in digital wallets for a multitude of use cases including online banking, cryptocurrency, and digital identity management. Digital wallets play a pivotal role in the secure management of cryptographic keys and credentials, and for providing certain identity management services. In this paper, we examine a proof-of-concept digital wallet in the context of Self-Sovereign Identity and provide a practical decentralized key recovery solution using Shamir's secret sharing scheme and Hyperledger Indy distributed ledger technology.

In a converging world, where borders between countries are surpassed in the digital environment, it is necessary to develop systems that effectively replace the recognition “vis-a-vis” with digital means of recognizing and identifying entities and people. In this work we summarize the current standardization efforts in the area of digital identity management. We identify a number of open challenges that need to be addressed in the near future to ensure the interoperability and usability of digital identity management services in an efficient and privacy maintaining international framework. These challenges for standardization include: the management of identifiers for digital identities at the global level; attribute management including attribute format, structure, and assurance; procedures and protocols to link attributes to digital identities. Attention is drawn to key elements that should be considered in addressing these issues through standardization.