Published: 29 November 2023
While decentralized identity is one possible future for PDI, major ecosystem vendors are building alternative approaches. IAM-focused security and risk management leaders must track developments, and assess risks and benefits of existing PDI approaches to decide which one works for their use case.
The market for portable digital identity (PDI) is expansive, confusing and ill-defined. Identity and access management (IAM) practitioners and vendors tend to use various — and sometimes conflicting — definitions when discussing digital identity.
While massive centralized stores of identity data have become commonplace, the holders of those identity stores have largely proven untrustworthy in protecting them against breaches.
Some governments are establishing electronic means to identify, and interact with, their citizens for the purposes of delivering government services or collecting taxes on earnings. However, access and availability for the private sector to use those IDs are limited to nonexistent.
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