SSI and regulatory compliance
One of the most important issues in the quickly changing realm of SSI is how it fits with and conforms to the ever-expanding environment of data protection and privacy legislation. This section digs into the complicated relationship between SSI and regulatory compliance, utilizing the European Union’s General Data Protection Regulation (GDPR) as a case study. We’ll talk about the importance of data security, the rise of compliance standards, and the legal problems that SSI confronts in this setting.
The management of personal data is inextricably tied to digital identity. Because the underlying concept of SSI is user-controlled digital identity, the management of personal information becomes critical to its operation. In this setting, guaranteeing the greatest levels of data protection and privacy is a core concept, not a need. Individuals can use SSI to store and manage their verified credentials, which typically contain sensitive personal...