Published on: March 12th, 2021 • Duration: 65 minutes
Greg Kidd, co-founder and CEO of Globalid, joins Santiago Velez, co-founder and R&D division lead for Block Digital, to discuss the work being done at Globalid, the importance of self-sovereign digital identity, and how users can take back their data. Kidd explains that Globalid is focused on developing self-sovereign identity that is interoperable between many uses, such as medical records, financial transfers, or voting systems. He describes the project as enabling trusted engagement—a digital identity that allows users to reliably trust those they are engaged with, whether it is with peers, social influencers, or causes that are important to them. Kidd mentions that many of the data protection services that have been offered by governments and banks have tended to add more friction for users and have created data honey pots like KYC and AML. He believes that data sharing minimization is the best way for users to protect their data, stating that data sharing cannot be reversed. Filmed on March 10, 2021.
Key Learnings: Self-sovereign identity is an identity that the individual owns and controls without the need for government or administrative authorities. Data that is shared can never be unshared, and so digital identity allows for more economic activity and efficiency as it allows one to reliably trust more people across the globe.