LG CNS, the IT arm of LG, announced it has signed a memorandum of understanding with U.S.- based decentralized identity firm Evernym. This could bring together two important forces in decentralized identity (DID).
On the one hand, as a country, Korea has numerous high profile decentralized identity initiatives that involve multiple corporates. Evernym is the founder of the self sovereign identity network (SSI) Sovrin, and is a key participant in developing the W3C DID standards.
The ultimate aim of SSI is to put control over private information back in the hands of individuals and to remove the honeypots of centralized data exemplified by Equifax.
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