The SSI Orbit Podcast – Self-Sovereign Identity, Decentralization and Digital Trust #74 - OpenID Federation: A Standards-based Approach to Trust Management (with Dima Postnikov)
How can we establish trusted digital ecosystems while driving innovation?
In this episode of The SSI Orbit Podcast, host Mathieu Glaude picks the brain of Dima Postnikov, Vice Chairman at the OpenID Foundation, on a standards-based solution: OpenID Federation – a framework for enabling trust across networks.
As open banking and open finance initiatives spread, a crucial need arises: secure mechanisms for managing trust between participants. Dima walks us through the genesis of OpenID Federation and its role in overcoming hurdles around trust discovery and governance.
- The evolution of trust management approaches across sectors like open banking
- Understanding OpenID Federation's intersection with verifiable credentials
- Leveraging standards to reduce barriers and foster interoperability
- Tailoring OpenID Federation for use cases like eIDAS 2.0 digital identity
Unpack the keys to unlocking trusted, interoperable ecosystems that safeguard data while catalyzing innovation. Tune in to this insightful conversation now!
Chapters:
00:00 - Background on trust management in the OpenID world
03:49 - Learnings in trust management from the world of Open Banking
11:58 - How trust chains complement/conflict with peer to peer interactions
17:25 - OpenID Federation’s architecture design
34:25 - The evolution of standards in Open Banking
39:50 - eIDAS 2.0 profiles of OpenID Federation?
47:47 - Why Canadian Open Banking should have Trust Registries at launch