AtalaPRISM What Is Decentralized Identity
AtalaPRISM What Is Decentralized Identity
AtalaPRISM What Is Decentralized Identity
decentralized
identity?
Presented by
Atala PRISM | What is decentralized identity? Presented by Input Output
Contact us 9
2
Atala PRISM | What is decentralized identity? Presented by Input Output
What problem is
decentralized identity
solving?
3
Atala PRISM | What is decentralized identity? Presented by Input Output
A decentralized identity model is a win-win for individuals, According to a McKinsey study, decentralized identity has
businesses, developers, and governments. the potential to bring significant economic value to
emerging economies by uplifting their Gross Domestic
Individuals retain ownership and control of their personal Product (GDP) by 13% in 2030. Another study by Boston
information, decide how it is used and shared, and also Consulting Group (BCG) calculates that the economic
control the data’s safety (which can be managed by the value of digital identity for the Australian economy would
Decentralized identity has the be approximately $11 billion per annum. They point out four
individual, or outsourced to a trusted custodian.)
potential to bring significant key areas where this value would come from: reduced cost
Businesses incur less risks by only storing data with users, to serve, lower cost of fraud, improved customer
economic value to emerging experience, citizen value generated.
and keeping only what is legally required. Business growth
economies by uplifting their occurs through streamlining of the onboarding and
checkout processes. A decentralized identity solution would empower users to
Gross Domestic Product (GDP) access financial services, record financial transactions,
by 13% in 2030. Developers can design user-centric apps with built-in and build a credit history. This is key to enabling people to
privacy by design. enter financial markets and access loans.
McKinsey Study
Governments can leverage mobile networks and Financial inclusion is only possible through the reduction of
distributed ledger technology (DLT) to provide secure business risks, which would unlock endless opportunities.
digital identities and build smart cities, whilst protecting
citizens’ personally identifiable information and delivering
citizen-centric services.
4
Atala PRISM | What is decentralized identity? Presented by Input Output
Undertermined
value of future
products and
15 services
Average
10
Average
5
0
Reduced cost Lower cost of Improved customer Consumer value Total United United Brazil Nigeria Ethiopia India China
to serve fraud experience generated States Kingdom
26m face-to-face Against individuals Uplift for e/m- Less time spent verifying
Mature economies Emerging economies
verifications commerce and authenticating
Against businesses
88m other Targeted Advertising Document
65
verifications Against Government management
%
of potential value could accrue to individuals in
Purchasing security
240m phone Police-recorded fraud uplift
verifications
Prevention and
response
emerging economies in our focus group, making
it a powerful tool for inclusive growth.
5
Atala PRISM | What is decentralized identity? Presented by Input Output
Telecom
Telecom operators can use verified identities to reduce fraud by ensuring that
contracts are issued to individuals with digitally-signed credentials.
Healthcare
When healthcare providers share medical records, a verified, government-issued
identity guarantees that records are associated with the correct patient.
Insurance
People applying for insurance policies must abide by KYC processes and
provide a government-issued identity and proof of address.
6
Atala PRISM | What is decentralized identity? Presented by Input Output
7
Atala PRISM | What is decentralized identity? Presented by Input Output
Our plan with this blockchain Customizable: the underlying protocol can be optimized for
different use cases.
technology is to provide a digital
ID for close to 5 million students. Cost-efficient with predictable payment plan: based on
a batching scheme to keep cost-per-user low.
Minister of Education for Ethiopia, H.E Getahun Mekuria (Dr.-Ing),
April 2021.
Designed for high security: built-in resilience against
high-risk data breaches, and prevention of data
unavailability problems often encountered with
competitor solutions.
8
Atala PRISM | What is decentralized identity? Presented by Input Output
Contact us
We work with your team to:
Founded in 2015, Input Output is an engineering company that builds blockchain solutions for government entities,
corporations, and academic institutions. Underpinned by peer-reviewed science, we are building the first blockchain-
based operating system that will enable global scale financial transactions and all forms of social exchange. We aim to
put billions of new people and assets on the economic map, give 3 billion unbanked people an economic identity, track
global goods from source to sale, and de-risk investment in emerging markets. Our ultimate goal is to expand social
and financial services worldwide by digitally verifying people and assets that are off the banking grid, consequently
doubling the consumer market.