The problem SSI solves

Self-Sovereign Identity is a model that gives individuals full ownership and control of their digital identities without relying on a central authority. For organizations, SSI technology enables them to create fraud-proof Verifiable Credentials and instantly verify the authenticity of a credential.

Challenges we ran into

1. Establishing trust: A trustless system is essential to a self-sovereign identity system, but it can be difficult to ensure that all users are trustworthy.
2. Data Protection: Self-sovereign identity systems require users to provide personal data to create their identity, so it’s important to ensure that the data is kept secure.
3. Technical complexity: Self-sovereign identity systems are very complex in terms of the technical components involved, so it can be difficult to implement.
4. Regulatory challenges: Due to the nature of self-sovereign identity systems, they often come into conflict with existing laws and regulations, so it’s important to consider the legal ramifications before implementing one.
5. Security: Self-sovereign identity systems rely heavily on cryptography, which can be difficult to implement securely. It’s important to ensure that all users are authenticated properly and that the system is secure from malicious actors.