Sovrin is a decentralized, global public utility for self-sovereign identity. Self-sovereign means a lifetime portable identity for any person, organization, or thing. It’s a smart identity that everyone can use and feel good about. Having a self-sovereign identity allows the holder to present verifiable credentials in a privacy-safe way.
These credentials can represent things as diverse as an airline ticket or a driver’s license. Sovrin identities will transform the current broken online identity system. Sovrin identities will lower transaction costs, protect people’s personal information, limit opportunity for cyber crime, and simplify identity challenges in fields from healthcare to banking to IoT to voter fraud.
Sovrin Key Information
|ICO start||25th Sep 2017|
|ICO end||10th Oct 2017|
|Distributed in ICO||60%|
|Average price||0.35 USD|
|Price in ICO||0.3700 USD|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
The Game Change Team Behind Sovrin
The Sovrin Solution
It’s time to evolve the current system of soiled identities, endless passwords, and insecure databases. The time is here for the frictionless, secure identity verification of self-sovereign identity. The Sovrin Network is the new standard for digital identity designed to bring the trust, personal control, and ease-of-use of analog IDs like driver’s licenses and ID cards to the Internet.
They’ve designed Sovrin as a meta system for any application to use, giving people, organizations, and things the freedom to prove things about themselves using trustworthy, verifiable digital credentials. “Self-sovereign” means the individual identity holder controls their credentials, using them whenever and however they please, without being forced to request permission of an intermediary.
Using the latest identity technology standards called Decentralized Identifiers (DIDs), the Sovrin Network allows for digital credentials to be privately issued, controlled, managed, and shared using a security standard called Zero Knowledge Proofs (ZKPs). The growth of the Sovrin Network partly depends on contributions from an active and supportive open source development community.
Integral to the mission of the Sovrin Foundation, is to ensure everyone — regardless of circumstance — has access to the Sovrin Network. The Sovrin Foundation’s I4A council partners with NGOs, civil society organizations, and other groups promoting more inclusive identification systems to help bring identity network technology to populations who may not otherwise be served.
Open Source Project
The Sovrin Foundation is a 501(c)(4) nonprofit entity that provides the business, legal, and technical support for the Sovrin Network, an open source project. Charged with administering the publicly created Governance Framework for the Sovrin Network, the Foundation is committed to transparency and neutrality.
The current system of identity on the internet is an untrustworthy, dangerous system of honeypots and soiled data creating massive friction for the average customer. The Sovrin Network is a secure and agile meta system enabling people, organizations or IoT devices to prove things about themselves to anyone or anything, peer-to-peer, using data that the other party can automatically crypto graphically verify as being true.
Cost should not be a barrier to access
The basic infrastructure of the Internet is not free, but costs have become low enough to make universal access feasible. A global public utility for SSI must have the same goal. Universal access can be achieved in several ways: by running a public permission ledger at cost; by designing a very low-cost permission less ledger; or by subsidizing the cost of SSI on any ledger. One way or another, the framers of the Sovrin Trust Framework all agreed that the goal must be identity for all. The Sovrin Foundation has formed the Identity for All Council to help ensure that Sovrin as a global public utility is serving the needs of those who do not yet have a means of
proving their identity