KuppingerCole Report
Market Compass
By Anne Bailey

Decentralized Identity: Blockchain ID & Self-Sovereign Identity Solutions

The KuppingerCole Market Compass provides an overview of product or service offerings in a certain market segment. This Market Compass covers decentralized identity, specifically Blockchain Identity and Self-Sovereign Identity (SSI) solutions. This is a very dynamic space filled with visionary and innovative vendors that are applying decentralized identity to real enterprise use cases. Their development marks the entrance of blockchain technology into mainstream enterprise Identity and Access Management (IAM), and their progress will indicate the future evolution of digital identity.
By Anne Bailey
aba@kuppingercole.com

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 ...

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2 Market Segment

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

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...
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3.2 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 ...

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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 ...

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4.1 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 ...

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4.1.1 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 ...

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4.1.2 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 ...

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4.1.3 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 ...

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4.1.4 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 ...

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5 Product Details

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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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Methodology

Copyright

© 2020 Kuppinger Analysts AG. All rights reserved. Reproduction and distribution of this publication in any form is forbidden unless prior written permission. All conclusions, recommendations and predictions in this document represent KuppingerCole´s initial view. Through gathering more information and performing deep analysis, positions presented in this document will be subject to refinements or even major changes. KuppingerCole disclaim all warranties as to the completeness, accuracy and/or adequacy of this information. Even if KuppingerCole research documents may discuss legal issues related to information security and technology, KuppingerCole do not provide any legal services or advice and its publications shall not be used as such. KuppingerCole shall have no liability for errors or inadequacies in the information contained in this document. Any opinion expressed may be subject to change without notice.

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