The protocols underpinning GAIN

Open Banking The foundations for the remarkable global success of Open Banking over the past 5 years were laid by the creation and implementation of a set of internationally-agreed standards, interoperable protocols and financial-grade APIs. Open Banking enables Business-to-Customer relationships that allow authorised third party applications and services to securely access and process personal financial …

So, what has Decentralised Identity go to do with GAIN?

In order to answer that question we need to look a little more deeply at the various terms that make up the definition of Decentralized Identity. "A globally unique persistent identifier that does not require a centralized registration authority and is often generated and/or registered cryptographically." “Globally”  The GAIN proposal seeks to create a global …

Decentralised Identity

"A globally unique persistent identifier that does not require a centralized registration authority and is often generated and/or registered cryptographically. ... A specific DID scheme is defined in a DID method specification. Many—but not all—DID methods make use of distributed ledger technology (DLT) or some other form of decentralized network." Decentralized Identifiers (DIDs) v1.0 By …