Overview#CoreID (core identity) serves as the root from which emerge other forms of digital derived identities (called personas) that are practically useful and are legally enforced in digital transactions and is a project from MIT TRUST DATA CONSORTIUM
An individual must have the freedom to choose to deploy one or more digital personas on the Internet, each tailored to the specific aspect of that individual’s life and each carrying varying degrees of legal enforceability as relevant to the usage context of that persona.
The rise of blockchain technology has introduced a number of challenges with regards to the digital identities used by the entities transacting on the blockchain, both Permissionless System and Permissioned Systems blockchains. A new model for privacy-preserving identities is needed if blockchain systems are to operate at a global scale: it must allow entities in the ecosystem to
- verify the "quality" or security of an Digital Identity
- to assess the relative "freedom" or independence of an Digital Identity from any given authority (e.g. government, businesses, etc.),
- to assess the source of trust for a Digital Identity