Decentralized identity, or DID in short, has been buzzing in the enterprise and Web3 arena for some time. You might have been researching and thinking over it which may have brought you here.
Implementing a decentralized identity solution is a significant decision for any organization, and careful consideration of various factors is crucial. Here are some questions you and your colleagues may ask before implementing a decentralized identity solution.
Why do we need a decentralized identity solution?
What is the level of adoption and success stories of the solution in similar industries? Any case studies to share?
What are the security and privacy implications? Will our system or the ID we issue get hacked?
How does it integrate with existing systems and applications?
Must we use blockchain for this? Or is there an existing Web2 DID solution? How do they differ?
Please explain the meaning of ID issuer, ID holder and ID verifier and how they play a part in a decentralized ID network.
Could we port the existing ID cards that we issued to a decentralized version? If so, how?
How does the DID solution handle identity verification and authentication?
Do we need to follow any standards? If so, what standards and protocols should we follow?
How user-friendly is the solution for both my team and my users?
How scalable is the decentralized ID solution? How many IDs can we issue? Any limits?
What is the cost of implementation and ongoing maintenance?
What is the level of user control over their own identity?
Could we delete someone’s ID after we issued them?
Could ID holder delete their own ID? Should they be allowed to?
Should we go for an open source or proprietary system? What are the pros and cons?
Who can support us in managing this system and how much support can we get?
Is there a community we can get support from?
Is there extensive documentation provided?
What is the legal and regulatory landscape for decentralized identity in our operating regions?
What is the backup and disaster recovery strategy for the decentralized identity system?