The promise of self-sovereign identity and its impact across industries

March 2, 2020

It’s no secret that a new model for digital identity is emerging, and trust is the foundational layer. Businesses and organizations are increasingly focused on how they can establish more trusted relationships with their customers. According to Accenture, lack of trust costs global brands $2.5 trillion annually as users desert them for competitors.

Additionally, governments and regulatory bodies are requiring businesses to change how they handle their customer’s data through new data protection regulations. Gartner predicts that by 2023, 65% of the world’s population will have its personal information covered under modern privacy regulations.

The Sovrin Foundation is leading the world in adopting a digital identity model where people, businesses, and organizations retain unprecedented control over their data and how they share it. It’s a model that’s not only based on trust but is compliant with worldwide data protection regulations. This digital identity model is called self-sovereign identity (SSI).

The impacts SSI will have (and is having) on the digital identity market and across industries are vast. We have collected a few stats to give you a snapshot of the future of SSI and its market potential as global adoption continues.

General Stats

SSI Market



Industry-specific Stats

Air Travel



Gig Economy

Supply Chain

The Sovrin Foundation brings together all of the enterprises, startups, NGOs, governments, developers, etc. that are working on SSI solutions and/or are advocating for the principles of SSI.

If you are interested in learning more about how SSI can benefit your company or organization, reach out to The Sovrin Foundation team would be happy to meet with you and discuss SSI-based use cases and show you how you can become a member of our community.

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