Announcing Neo, Ping’s Decentralized Identity Solution
The Evolution of Identity Systems
Neo means “a new and different form of something that existed in the past” and Neo reimagines today’s centralized IAM systems. Traditional centralized IAM systems store personal information, and are controlled by a single entity, Decentralized identity allows identity information to be securely stored and controlled by the owner.
What is Decentralized Identity?
It is an approach to identity management that allows users to control their identity information. Sometimes referred to as “identity on the network edge” or self-sovereign identity, it eliminates the need for users to provide unnecessary amounts of personal information in order to access a service. Do you really need to hand over your driver's license which includes your home address, just to prove your age? In practical terms, if you need to prove your age, you don’t need to present your driving license that contains far more information than just your date of birth…
The Cyber Hut Comment: Ping Identity have announced a new capability focused on decentralised identity. They made an acquisition back in October 2020 of an organisation called Shocard, which is likely to be the inspiration behind this.
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