Written by Ross Power, of Cheqd, which helps companies leverage SSI to enable new business models for verifiers, holders and issuers.
Self-sovereign identity (SSI) has seen rapid adoption within finance, interestingly both centralized (CeFi) and decentralized (DeFi). In the context of DeFi, it is sometimes referred to as its enabler. Beyond finance, its application has also grown, spanning travel, e-commerce, supply chains, cryptocurrencies and other sectors. What remains a stumbling block for many is understanding what SSI is and what is so magical about it that it can fill so many cracks in industries.