Decentralized Identity: Blockchain ID & Self-Sovereign Identity Solutions

1 Management Summary

The KuppingerCole Market Compass provides an overview of a market segment and the vendors in that segment. It covers the trends that are influencing t ...

2 Market Segment

The decentralized identity segment, including blockchain ID and SSI solutions, includes solutions that use blockchain technology to deliver digital i ...

2.1 Market Description

This market segment is defined by the provision of blockchain-based digital identity management to accomplish the goal of delivering self-sovereign id ...

Decentralized ID adds value to the overall IAM portfolio, such as capabilities for authentication and verification, but remains a solution built for t ...

2.2 Market Direction

This market has evolved significantly since its beginnings in 2017. It grew slightly in market size in 2018 and 2019, riding the hype of blockchain an ...

2.3 Capabilities

There are some standard capabilities that decentralized ID and SSI solutions have. Others are dependent on their specific subsegment, but there is sti ...

2.3.1 Basic Capabilities

There are certain capabilities that we expect to see in each product. They enable the core functions of decentralized ID & SSI solutions, and thus sho ...

2.3.2 Universal ID Subsegment

Many of the vendors have the ultimate mission of introducing a new paradigm of digital identity. This relies heavily on SSI principles of user-owned d ...

2.3.3 New Customer Onboarding and Reusable KYC Subsegments

In the lifecycle of a customer’s relationship to a business, onboarding new customers and performing KYC checks are closely related. In a decentrali ...

2.3.4 Strong Customer Authentication Subsegment

Blockchain ID and SSI solutions are often able to provide SCA options for enterprises. These capabilities rely more on the development of a secure sto ...

3 Vendors & Products

The vendors in this market covered by this report are those that currently offer blockchain-based products to enable at least one use case associated ...

3.1 Vendors Covered

The vendors covered in this report are:

• 1Kosmos is a US-based company focused on providing a leading digital identity platform to enable SSI with ...

3.2 Featured Vendors

Some vendors are better positioned to meet narrow use cases, while others have stronger offerings across the range of decentralized ID use cases. We h ...

3.2.1 Featured for Capabilities: ShoCard

ShoCard is our featured vendor for capabilities because of its generally strong performance across all categories. It is designed to bring widespread ...

3.2.2 Featured for Innovation: Authenteq

Authenteq is our featured vendor for innovation. While the market seems to be stabilizing on four general use cases, Authenteq has found an additional ...

3.2.3 Featured for Scalability: 1Kosmos

1Kosmos is our featured vendor for capabilities because of its use of the DAG protocol, its use of both in-house cognitive AI for biometric authentica ...

3.2.4 Featured Vendor for Reusable KYC: Cambridge Blockchain

Cambridge blockchain is our featured vendor for reusable KYC. It is a solution designed for financial institutions to help them meet the high regulato ...

3.3 Vendors to Watch

In addition to the vendors covered in detail in this report, we observe some other vendors in the market that will likely emerge as strong players. Th ...

4 Ratings at a Glance

This section provides an overview of the various products we have analysed within this KuppingerCole Market Compass on blockchain identity and SSI. Ba ...

5 Product/Service Evaluation

In addition to the ratings for our standard categories we add a spider chart for every vendor we rate, looking at specific capabilities for the market ...

5.1 1Kosmos

1Kosmos was founded in December 2016 and is headquartered in New Jersey, US. 1Kosmos’s main purpose is to establish BlockID as the leading digital i ...

5.2 Authenteq

Authenteq was founded in Reykjavik, Iceland in 2015 and publicly launched its blockchain identity verification service in 2018. Their main goal is to ...

5.3 Cambridge Blockchain

Cambridge Blockchain is based in Cambridge, MA, USA and was founded in 2015. The company focuses on providing enterprise software for optimizing ident ...

5.4 Civic

Civic is based in San Francisco, CA. It was founded in 2015, and raised over $33m during its Initial Coin Offering (ICO) in 2017. Its primary focus i ...

5.5 Evernym

Evernym was founded in 2013 in Salt Lake City, UT, USA. Its primary goal is to create a new identity paradigm where users are in complete control of t ...

5.6 KnowMeNow

KnowMeNow was founded in 2017, and is based in Malta. The company has extensive experience as a verification service provider. It focuses on deliverin ...

5.7 Nuggets

Nuggets was founded in London, UK in 2016. Nuggets believes privacy is a fundamental right and the users should own and control their data. They have ...

5.8 SelfKey Foundation

The SelfKey Foundation is a nonprofit organization established in Mauritius by the for-profit company KYC-Chain Ltd in 2017 with a mission to promote ...

5.9 ShoCard

ShoCard was established in 2015 in Cuppertino, CA, USA by founders experienced in online platform development and security. Its main mission is to equ ...

5.10 uPort

uPort was founded in 2016 in New York, NY, USA. It serves to develop SSI solutions for users and enterprises. Both its uPort Serto and uPort Open pro ...

6 Related Research

Buyer’s Compass: Blockchain ID – 80050
Leadership Brief: Blockchain ID & Self Sovereign Identity – 80105
Executive View: 1Kosmos BlockID – 79064
Executive View: IBM Decentralized Identity – 80099