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Fireside Chat: The Evolving World of Decentralized Identity & Spruce Systems
• Wayne Chang, CEO & Co-founder, Spruce Systems
• Moderator: Austin Arensberg, Senior Director, Okta Ventures

1/15 Austin Arensberg of Okta Ventures & Wayne Chang of Spruce Systems, a portfolio company of Okta Ventures, discussed the mission & vision of Spruce Systems. The central theme: Decentralized Identity. [Commentary added: Additional information from the conference organizer]

2/15 Wayne detailed the goal of Spruce Systems: to shift data control from platforms to users. The vision: Platforms logging into people's data vaults, enabling user control over data access permissions & its evolution, promoting digital freedom & innovation.

3/15 The problems Spruce Systems aims to tackle were highlighted by Wayne, including the need to treat online data as we treat physical assets & the lack of governance over digital assets. Their solution: a protocol-level system respecting the data vault model.

4/15 Issues like accessing electronic health records in the U.S were cited as examples. These hurdles often prevent patients from getting necessary medical treatment. Spruce Systems aims to make online data use easier for individuals with its solution.

5/15 Wayne delved into the concept of Decentralized Identity, distinguishing between foundational and functional identities. The former are general-purpose identities issued by institutions while the latter serve specific purposes, like age verification.

6/15 Decentralized identity expands this model by enabling more people to issue statements, hold these, & verify their origin. In essence, individuals can issue certificates for their content, establishing authenticity & ownership.

7/15 This move also allows friends to attest to the credibility of others, opening up potential use cases like assessing loan worthiness. Throughout the discussion, the emphasis was on user empowerment, data control, and establishing digital asset authenticity & ownership.

8/15 The adoption of Decentralized Identity, as Wayne explained, would involve both private & public sectors. Cryptography, a shared trait with the cryptocurrency & blockchain industry, plays a vital role in major digital identity systems.

9/15 Compatibility of Decentralized Identity across industries is evident. This includes pilots for mobile driver's licenses & initiatives like the European Digital Wallet, aiming to implement identities for everyone in Europe using open standards & open-source tech.

10/15 Cryptography's importance in Decentralized Identity was further stressed by Wayne. Adoption of ISO standards & W3C Verifiable credentials aids compatibility & interoperability, drawing parallels between digital signatures used in this & in blockchain transactions.

11/15 [Commentary added: Spruce Systems' commitment to open standards is instrumental in promoting a diverse and user-centric digital landscape.] Arensberg questioned the benefits of Decentralized Identity against the trend of consolidating identity documents on mobile devices.

12/15 Wayne responded that even in the Apple wallet, operating in a decentralized manner is possible. The future of digital identity should prioritize openness and avoid principal-agent problems, where one entity possesses excessive power over user data.

13/15 Spruce Systems is contributing to standards organizations like W3C, ISO, and others to implement Decentralized Identity. Standards adoption mitigates lock-in risks, promoting optionality for users. Wayne urged audience members to contribute technically to these orgs.

14/15 The grand vision for Spruce Systems involves private sector issuers & verifiers of various credentials, like health records, academic transcripts, job histories, and more. Open-source projects, DID kit & SSX, are facilitating this interaction.

15/15 In conclusion, Spruce Systems is aiming to enable the next generation of broadly adopted identity standards that empower users & foster innovation in the identity space. For more discussions, visit Spruce Systems' website (spruceid.com) & Twitter (@spruce.ID).