Wayne Chang: Anyone new want to introduce themselves? [scribe assist by Orie Steele] ✪
Topic: Reintroductions
Wayne Chang: Dlongley, brent? [scribe assist by Orie Steele] ✪
Brent Zundel: I am brent zundel, I am software architecture, crypto / standards guy at everynym.... been in the community for years now... chair of the did spec... [scribe assist by Orie Steele] ✪
Margo Johnson: I work with transmute, head of product, work with orie, karyl and guillaume... focused on global supply chain [scribe assist by Orie Steele] ✪
Orie Steele: ... Recently we started work on a response to NIST digital identity standards document... we are constructing a response as a work item, thanks to nadar from mattr for raising thing ✪
Orie Steele: ... They are discussing US federal and global standards... ✪
Manu Sporny: This item, is about the process we will use in this group to update the VC Spec. [scribe assist by Orie Steele] ✪
Kaliya Young: I was just going to say that this week there is a conference on that folks might be interested in RightsCon.org ✪
Orie Steele: ... The spec, became a global standard a while ago, this group is responsible for maintence... fixing bugs, updating prose, publishing pre-standards... we can signal to the world what other things we want to do... ✪
Kaliya Young: Sorry about that, i wasn't eyeing the queue as closely as i would've liked [scribe assist by Wayne Chang] ✪
Wayne Chang: Thanks for the update, next another work item update... [scribe assist by Orie Steele] ✪
Markus Sabadello: Did resolution one of the oldest work items, originally we were developing a seperate spec for did resolution to be paired with did core data model and syntax... [scribe assist by Orie Steele] ✪
Orie Steele: ... We wanted a spec that defined resolution... resolution and dereferencing... scope has changed a bit since the last DID WG F2F.... DID Core now covers parts of resolution. ✪
Orie Steele: ... Did wg has added some parts of resolution to did core... there is a section that defines inputs and outputs.... ✪
Orie Steele: ... We are also discussing representation of meta data... the scope has shifted a bit... ✪
Orie Steele: ... Did resolution spec work has slowed, but we have updated to sync with developments in did wg ✪
Orie Steele: ... For example how metadata is represented. ✪
Orie Steele: ... Now we distinguish between resolution meta data, and did document meta data... ✪
Orie Steele: ... Matrix params have been removed, did params use query strings... ✪
Orie Steele: ... Did resolution spec will still be useful, but some of it is now present in did core. ✪
Orie Steele: ... Did resolution also covers resolver architectures, hosted service vs local.... how is fragment handled... can a resolver act a proxy for other resolvers.... how is that reflected in meta data ✪
Orie Steele: ... Trust in the resolver, architecture questsions, how are did parameters being processed, etc.... did resolution spec will continue to address these concerns ✪
Orie Steele: ... Did core wg only covers the abstract interface. ✪
Orie Steele: ... We have regular calls, switched to bi-weekly ✪
Orie Steele: .... Link to the meeting page will be in IRC, happy to answer questions ✪
Kaliya Young: There is a conference this week, speaking about id for development, and a conversation at rights con, virtual conference... its free. [scribe assist by Orie Steele] ✪
Wayne Chang: Update on ccg diversity, heather> [scribe assist by Orie Steele] ✪
Heather Vescent: Since i ran on diversity platform, I am providing an update... looking for participation moving forward. [scribe assist by Orie Steele] ✪
Orie Steele: ... Looking for successfuly characterstics, in the form or role models... ✪
Orie Steele: ... What the landscape, how does W3C Diversity & Inclusion group relate... ✪
Orie Steele: ... See link in chat... this is just happening this month, getting shared with the rest of W3C. ✪
Orie Steele: ... Another thing the group is doing, is a statement for black lives matter ✪
Orie Steele: ... I am looking to connect with diversity leaders in companies, to gather info ✪
Orie Steele: ... Looking for a co-lead, for leadership... i plan to run this project as a benevolent dictator... roles will be research, writing, design... goal is to develop a stragy for this community ✪
Orie Steele: ... That we can implement with out resources. ✪
Orie Steele: ... I am collecting stats, on presence and speaker time ✪
Orie Steele: ... If you are interested, contact me... i will call for volunteers again later ✪
Manu Sporny: +1 To the work -- +1 to diversity initiative. ✪
Wayne Chang: Awesome work, we need to be inclusive to make standards for everybody [scribe assist by Orie Steele] ✪
Wayne Chang: Speakers are carla and chistof, GLEIF standards for global legal identifier foundaton... eager to hear their use case, [scribe assist by Orie Steele] ✪
Carla Casilli: Thanks for the opportunity, we are relatively new. we manage the LEI, and we are looking at how this is related to VC issuance and verifiacation. [scribe assist by Orie Steele] ✪
Orie Steele: ... Will be providing some background, why LEI was created, what it addresses, then cover the opportunity ✪
Orie Steele: ... Christoff will cover the mechanics ✪
Orie Steele: ... Then we will look at specific use cases. ✪
Orie Steele: ... Originated in the last financial crisis 2008... global regulaters sought an indentifier for legal entities as we saw finance firms failing ✪
Orie Steele: ... The industry has some standards, but identifying who was legally responsible... everyone had different systems... made regulators job hard, for example when lehman went down... ✪
Orie Steele: ... Also they missed the dependecy lehman had on AIG... and the gauruntees / exposure for lehman. ✪
Orie Steele: ... The industry was asked to engauge with regulators, and LEI was born as an ISO standards ✪
Carla Casilli: You will see on slide 4, ISO17442 [scribe assist by Orie Steele] ✪
Carla Casilli: The code is stood up by reference data, legal form, address... as well as relationships [scribe assist by Orie Steele] ✪
Orie Steele: ... All capped in the global system, which GLEIF manages ✪
Carla Casilli: An LEI is assigned once, it stays with it for life [scribe assist by Orie Steele] ✪
Orie Steele: ... Historical data persists... historical data is retained. ✪
Orie Steele: ... Uniquely tied to financial services... but its also used to identify firms, trusts, foundations, or individuals activing in a business capacity ✪
Orie Steele: ... We looked at how LEI can be useful in a digital world for proving identity and digital transactions ✪
Orie Steele: ... We looked at embeding the LEI to identify a person at an org in a role, in standard X509 ✪
Orie Steele: ... Intially sovrin, evernym helped look at how LEI could be leveraged in VCs ✪
Orie Steele: ... We took the same use case, for regulatory filing with a legal entity ✪
Orie Steele: ... Like a financial report... tested with PoCs on ethereum and hyperledger indy ✪
Orie Steele: ... People act on behalf of an organization... although these credentials are designed with schemas... we designed these for public discoversability of employee credentials ✪
Orie Steele: ... For example, who is the CEO of org... ✪
Orie Steele: ... We are doing more standards work with ISO to cover langauges and roles ... ✪
Orie Steele: ... GLEF stephan wolf, CEO of GLEIF, for example ✪
Orie Steele: ... We put this credential in a wallet, and anchor it to a blockchain ✪
Orie Steele: ... We have the credentials in organization wallets, person can engage in regulatory filings. ✪
Orie Steele: ... We could expand these assignments for VCs in day to day business as well. ✪
Orie Steele: ... Slide 11, digitial identity chain of trust... we take an identifer from a trusted network like sovrin, we take that number, evaluate an certify LEIs, and VCs containing LEIs ✪
Orie Steele: ... Also interested in extending to 3rd parties ✪
Orie Steele: ... The digitial LEI will then issue another ... (sorry) ✪
Orie Steele: ... The org, person, the role... is the focus of the credential ✪
Orie Steele: ... We have an issuance chain, but also a verification chain of trust all the way back to GLEIF ✪
Orie Steele: ... Staring on slide 12... lets look at person representing entity can benefit form VCs ✪
Orie Steele: ... GLEF manages root of chain of trust, the LEI issuers... next to that Digital LEI issuer, which fills out the issuance to legal entities ✪
Orie Steele: ... There are 2 roles, but they can be held by the same organization ✪
Orie Steele: ... 2 Roles can be combined but don't have to ✪
Orie Steele: ... LEI user consumes LEIs and VC content ✪
Orie Steele: ... Our PoC on sovrin... gleif receives s vc which enables issuance, a digital lei issurer credential. ✪
Orie Steele: ... Gives them certifiaction that they are part of the system... ✪
Orie Steele: ... The LEI issuer to an entity... paving the way for a VC... ✪
Orie Steele: ... Legal entity that has an LEI, cna request from the digital lei issue a VC ✪
Moses Ma: Carla and Christof, this is great work, do you have contact information you can share? I'd like to ask a few specific questions offline? ✪
Orie Steele: ... Slide 18.... part fo this request is the digital lei issuer requesting information for GLEIF system ✪
Orie Steele: ... Verification and validation, 3rd party checks, all important ✪
Orie Steele: ... Moving on slide 19... Digital LEI issuer, can issue to the legal entity... equiped with this, the legal entity can now issue credentials to employees ✪
Orie Steele: ... Slide 25 covers use cases, business transactions and regulatory reporting. ✪
Orie Steele: ... In our PoC we covered real companies and regulators ✪
Orie Steele: ... Slide 26: on the GLEIF website, the complete LEI data pool, we can add reported publically discoverable roles ✪
Orie Steele: ... For example, CEO and financial analyst ✪
Orie Steele: ... Allows a user to request more into, which allows for additional discolsure... whihc leads back to the chain of trust. ✪
Orie Steele: ... We can heck the user, entity, issuer chain is verified ✪
Orie Steele: ... Slide 27 covers technical architecture, it was easy... we created fully functional PoC. ✪
Orie Steele: ... See issuance, request for verification, leveraged exisitng building blocks, sovrin, hyperledger indy, we leveraged VON network and BC GOV hyperledger indy based system for state certificated ✪
Orie Steele: ... We had help from everynm to put the bits together ✪
Orie Steele: ... Small integration layer, and application layer. ✪
Orie Steele: ... We don't focus much on mobile apps, we focused on desktop applications for the corportate use case. ✪
Carla Casilli: Thanks christoff.... so for use cases.. [scribe assist by Orie Steele] ✪
Orie Steele: ... We summarized the ones we are seeingg, and future PoCs ✪
Orie Steele: ... 1. Focused on filers / reporter to regulators... feedback from regulators was the use case could be expanded to 3rd party filers ✪
Orie Steele: ... And auditors.. the flow would be extended. ✪
Orie Steele: ... We see big potential into client onboarding and kyc ✪
Orie Steele: ... Trusted proof of who can sign / commit an organization, as a client for onboarding... ✪
Orie Steele: ... Further on, bring additional trust to KYC ✪
Orie Steele: ... We also see huge applications for import / export customs process for supply chain ✪
Orie Steele: ... Both international and domestic supply chain transactions with embedded LEIs ✪
Orie Steele: ... Especially useful for working with VCs, connected to the financial services... very helpfulf or supply chain related payments. ✪
Orie Steele: ... Also appliation for trusted supplier /provider and member networks. ✪
Orie Steele: ... Also payment providers where regulators are part of the ecosystem... ✪
Orie Steele: ... Sanction screening, anti-laundering and counter-terrorism managment... all possible places where LEI might help ✪
Orie Steele: ... Business licenses... linking with international identifiers.. ✪
Orie Steele: ... In order to share info and protect data... especially in relation to things like GDPR ✪
Orie Steele: ... Share relevant facts, support ZKPs... ✪
Orie Steele: ... At the discresssion of the holder. ✪
Orie Steele: ... Last oint...credential with LEI can be very powerful. ✪
Orie Steele: ... They can survive even changes to the reference data that supports the LEI ✪
Orie Steele: ... Very helpful for organization identity ✪
Orie Steele: ... Credential does not need to be revoked, because of changes to reference data. ✪
Carla Casilli: Questions? [scribe assist by Orie Steele] ✪
Wayne Chang: Lets go the q [scribe assist by Orie Steele] ✪
Manu Sporny: Hey carla an christoff... great background... curious about timeline. [scribe assist by Orie Steele] ✪
Orie Steele: ... Seems like VCs are valuable to LEI... any indiation of number of PoC / Pilots / Production systems? ✪
Orie Steele: ... If its still years out, we would love to know whats holding it up, challenges / features... ✪
Carla Casilli: We are in the middle of evaluating next steps for GLEIF... [scribe assist by Orie Steele] ✪
Orie Steele: ... What role we should play moving forward... ✪
Orie Steele: ... Closest to production is.... use case number 5, payment remittance system. ✪
Orie Steele: ... Its an existing ecosystem thats out there... our PoC just adding an LEI to an existing production system ✪
Orie Steele: ... Of course we are waiting for confirmation from operators. ✪
Orie Steele: ... Can't give you estimates... we keep finding more interest. ✪
Orie Steele: ... We joined Trust over IP as a contributor member... evaluating the LEI as an ecosystem governance framework ✪
Orie Steele: ... LEI as a solution to organizational identity in digital transactions. ✪
Orie Steele: Christoff: tech is not the gating factor, its interoperability, many options in practice... ✪
Orie Steele: ... We don't want to make choices, we don't want to exclude... so we go with several, or go with one and making it a leading one ✪
Orie Steele: ... This is why governance is important. ✪
Heather Vescent: Fascinatting space... can you talk about trusted supplier use case, curious about supply chain, auditing... re patagonia, certified fair trade... vs pharma supply chain [scribe assist by Orie Steele] ✪
Carla Casilli: We think it applies to both... [scribe assist by Orie Steele] ✪
Orie Steele: ... It applies to procurement processes generally ✪