@ArmanHezarkhani Everything seems fine here. Bell's already cracked anyway
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Nate Soffio
3.5K posts
Nate Soffio
@NateSoffio
Portabl(e) identity for open finance @getportabl 🚀 | 🇨🇴 in fintech | (🚴, 👨🍳 )
Philadelphia, PA Katılım Temmuz 2009
1.9K Takip Edilen587 Takipçiler
Did anyone else just feel an earthquake in NYC?
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@ankurb As chance would have it, we're doing a hackathon on our docs today 😂 We have Website 2.0 and Docs 2.0 with a lot more detail about scopes, formats, and implementation coming out very soon.....
Me rn
GIF
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@NateSoffio Wanted to say, love the work on design and UX that you and Alex have done: looks super-slick and approachable from a user perspective, and great API docs too! 😎
Would love to chat about what VC formats and DID methods you’re using, and if there’s any scope to collaborate.
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Meant to post not reply. Played myself.
Anyway, before I get to writing — what do folks want to dig in on? Here's where I'm going w/ this...
🧩 There's no such thing as "one ID" — attribute providers make more sense
🕳️ VCs vs ZK vs predicate proofs — what to use and when
...
Nate Soffio@NateSoffio
@AlexH_Johnson & I had a great, in-the-weeds chat about what @getportabl is building a few wk ago at a meetup in DC. NFIA begins to scratch at what we're doing, & in a few subtle ways can be clarified and expanded. Alex -- want to do a 'directors cut'? 🤓 🧵incoming...
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⚖️ Selective disclosure is the new step-up
🥪 Composability is great, but so is stacking- VCs from multiple issuers for different levels of assurance.
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🚪Not all auths are created equal - it's FIDO *+* OIDC *+* DIDcomm based on what you're trying to do
⏳VCs don't have to be static — how we enable 2 way updates
📵 Device agnosticism — ways to avoid mobile dependence
♻️ "Someone else's data" & the 'always has been' meme
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@AlexH_Johnson & I had a great, in-the-weeds chat about what @getportabl is building a few wk ago at a meetup in DC.
NFIA begins to scratch at what we're doing, & in a few subtle ways can be clarified and expanded.
Alex -- want to do a 'directors cut'? 🤓
🧵incoming...
Alex Johnson@AlexH_Johnson
In our NOT FINTECH INVESTMENT ADVICE series @sytaylor and I chat about fintech companies that intrigue us. Let’s revisit @getportabl, a unified single sign-on solution for digital identity. WHAT WE SAID THEN: Portabl offers a decentralized, portable digital ID that acts as a financial passport, streamlining signup and onboarding processes. They create a reusable identity credential that users can take with them. They use zero-knowledge proofs for credential verification, without sharing data, and they’re signing up companies individually to offer this. When Simon and I first discussed Portabl, we were intrigued by the idea that they could sit somewhere between a fully centralized solution to digital identity (Apple) and a fully decentralized solution (crypto). How much room was there in the middle of the continuum, we wondered, and how could Portabl get past the cold start problem? THAT WAS THEN, THIS IS NOW: I remain intrigued by the idea of a partially decentralized approach to digital identity. The passport works well as an analogy - stamped by many trusted central actors, but not controlled by any one of them. It's your hybrid identity, traveling with you everywhere you go. My big question is, when it comes to decentralized digital IDs, what’s the remediation process to help consumers if they have a problem? Your ID management is secured by biometrics on your phone, but if your phone’s lost or stolen, the current process depends on centralized actors like Apple. If you need to go to the Apple store to get your ID back, what happens when you don’t live close to one or when Apple isn't as helpful as you'd want it to be? I know Portabl is working on this and other tricky questions right now, and I'll be curious to see what answers they come up with. If you're curious about how Fintech companies operate, sign up for my newsletter alongside 30K+ other industry professionals👇 workweek.com/discover-newsl…
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Nate Soffio retweetledi
Teamed up w long-time friend & collaborator @amiasmg over @ @QEDInvestors on the latest epi of @Fintech_Beat
Want to dive into thorny qs abt root-of-trust, authentication, and why #decentralization is poised to crack #openbanking wide open?
Listen in!
podcasts.apple.com/us/podcast/fin…
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@jenny_colgate @noyesclt @Costco Great! I'll email you:
Side effect of bird app hell is that I can't dm you unless you follow me back 😅
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I recently moved and got a @Costco membership (it was about time). I placed my first order and it was promptly cancelled by Costco. After 30mins on the phone with a very kind customer service rep I learned that it was cancelled as I tripped Costco's ID verification process.
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@jenny_colgate @noyesclt @Costco Wild. Can I dm you about your experience with the process?
(Also hi @Costco , want to solve this? )
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@sytaylor Not sure we're ready to ship our follow up track, VC* in a Bottle, yet
*Verifiable credential 🤓
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What a fintech wants
What a fintech needs
Whatever makes a fintech happy sets you free
And I thank you for being that vendor
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Perpetual KYC is inevitable IF we put the user in the aggregation and management driver's seat.
Learn more in my full post in @Forbes and follow @getportabl for more.
bit.ly/40G0n57
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People become secure data feeds of themselves. This has huge ramifications for PKYC.
Banks would have a guarantee that they are interacting with real customers on an ongoing basis with as little friction as possible.
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Perpetual KYC is inevitable, but not how you think.
🙏 to the team @Forbes for the space to talk about how advancements to identity and credential management are prompting a full rethink about customer refresh.
bit.ly/40G0n57
Want the TLDR? Keep reading 🧵 👇
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