Business - myego EN

Business
Government

eID in Europe, Switzerland and Germany

In an increasingly digitized world, electronic identification, or eID, is becoming more and more important. More and more governments, companies and organizations are turning to digital identity verification to enable secure and efficient online transactions. The eID is a system that allows users to verify their identity online. In the following, we will describe the …

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Business
Use Cases

NFT vs. VC

Increasing digitization affects all areas of life, including our own identity. In the digital world, our identity is represented by a collection of information stored in various databases and servers. However, the current centralized identity system has several drawbacks, including privacy issues and security concerns. This has led to the emergence of decentralized identity solutions …

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Business
Products

SSI Trust Triangle

According to a report by the Association of Certified Fraud Examiners (ACFE), companies face a significant threat from fraud. The report states that fraud costs organizations a median loss of $117,000 per case and takes an average of 12 months to detect (Source: ACFE). Thus, Self-Sovereign Identity (SSI) as a concept has been gaining momentum …

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Business
Products

PoC with Swisscom

At the end of 2021, myEGO was successful in the Swiss scale-up program KICKSTART and won Swisscom for a commercial PoC. We were able to successfully implement the PoC within three months in 2022 and create the first basis for determining whether digital identity projects work in the market and are applicable. The project of …

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Business

Year in Review 2022

Business
Products

On the way to the super wallet

It is slowly becoming clear to everyone that the super wallet is coming. Whether decentralized, centralized, from governments, banks or fintechs, with ID without ID, only via Decentralized Finance (DeFi) or still quite normal simply as SSO, so to speak – that is now the question.Whether online or offline, our lives increasingly require us to …

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Business
Use Cases

The smart city: Unthinkable without self-sovereign identity

In recent years, numerous political actors have dedicated themselves to the digitalisation of municipalities. However, the smart city is clearly more than a political prestige object. On the one hand, it promises to make the lives of citizens easier and more sustainable, but on the other hand, it also dismantles bureaucratic structures of the state …

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Business

Advantages of SSI for the insurance industry

Both onboarding and a claim that occurs involve a lot of work for insurers. For example, the items to be insured, the medical history or the living situation have to be precisely determined and evaluated depending on the type of insurance. This results in both the amount of premiums to be paid for the policyholder …

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Business
Uncategorized

Impact of SSI on the telecommunications industry

Nowadays, the smartphone replaces numerous physical proofs of identity. Users can deposit their flight ticket digitally just as they can their train card or credit card information. The trend is not surprising, since almost everyone has a mobile device these days. This is why the self-sovereign identity also relies on smartphones to initiate identification processes. …

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Business
Use Cases

Self-sovereign identity: The key role of banks

Legislation requires financial institutions to verify customer data and keep it up to date. Since authentication procedures are an integral part of banks’ daily business, they will play a key role in the creation of decentralised identities in the coming years. Self-sovereign identity (SSI) is only more secure if the data is verified beforehand. Banks …

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