The European Parliament announced it “…reached a provisional agreement on a new law to promote the availability of data and build a trustworthy environment to facilitate its use for research and the creation of innovative new services and products.” What does the Data Governance Act mean to the ToIP framework and the SSI community?

The growing interest in verifiable digital credentials, such as mobile driver’s licenses or digital health passes, means companies and governments need new tools for managing risk in this decentralized infrastructure. “Risk management in financial services, such as banking and credit card networks, is a mature field,” said Scott Perry, co-chair of the ToIP Foundation Governance Stack Working Group. “But as we move into decentralized identity management, where individuals manage credentials in their own digital wallets, we need new risk management tools designed for this paradigm.”