Decentralized ID (DID) and Verifiable credentials (VC) - Keys for Enterprise Adoption of Blockchain in Supply Chains
Many different blockchain projects and initiatives have been launched to provide transparency and traceability in supply chains. While we have seen several cases of early success, so far most ecosystems have been created in predefined bubbles. Irrespective of the size of these bubbles the point is that full-scale adoption can only happen if you are able to uniquely identify, validate and trust the identity of an organization and the information they provide.
In this talk, we will look into details of how DID and VCs solve the organization's identity and data privacy problems and how Mavennet drives the use and the development of open standards to solve some of the inherent supply chain traceability issues spanning to different countries, provinces and variety of stakeholders.
Bio: Leading technology innovation, Rakesh is known for and enjoys building software solutions for enterprises and consumers. Previously Rakesh has architected platforms for telecom, mobile, payment and security systems at Samsung and LG Electronics in South Korea before moving to Toronto. At Mavennet on financial services, Rakesh has built and launched a fully regulation-compliant stablecoin (QCAD) and on the government sector, he is driving standardization fronter for the usage of organizational DIDs and Verifiable Credentials by envisioning first of its kind commodity traceability platform that will serve to track and trace the origin of products especially crude oil and metals assets.