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[Webinar] Digital Identity for Digital Trust Society. What is a Decentralized Identity (DID) and Why…

2020.09.17

September 17, 2020 - The American Chamber of Commerce in Korea (AMCHAM) hosted a webinar with the theme “Digital Identity for Digital Trust Society. What is a Decentralized Identity ('DID') and Why It Matters? The speakers included Henry Lee of ICONLOOP and Min Kim, founder of the ICON Project.

About the Speaker

Henry Lee, Head of Strategy, ICONLOOP

Henry is the Head of Strategy at ICONLOOP, a leading blockchain technology company in Asia. Henry has extensive experience in leading various blockchain related businesses and is currently responsible for strategy, investment and global business development. Prior to ICONLOOP, Henry worked in investment banking at J.P. Morgan and Deutsche Bank where he advised a wide array of clients in the financial and technology sectors. Henry received his B.A. in Business Administration from the George Washington University.

Min Kim, Founder of ICON Project

Min Kim has 15 years of experience in the financial and technology industry. Min is the founder of the ICON Project, a leading public blockchain project in the world. Previously, he was the Chief Strategy Officer of DAYLI Financial Group, Korea’s largest fintech holding company, and the Chief Operating Officer at Tapas Media, a U.S. digital content distribution platform backed by Daumkakao and SK Planet. Min started his career at Deutsche Bank's technology investment banking division in San Francisco. He received his B.S. in Business Administration from Haas School of Business at University of California, Berkeley.

Click to view SPEAKER’S FULL BIO

Webinar Brief

From Equifax and Cambridge Analytica to GDPR and COVID contact tracing, the world is faced with an age-long digital challenge. How can we better protect people’s identity and data? The challenge is largely due to the way we manage data on the web. The current architectures manage identity based on centralized, top-down approaches that rely on trusted authorities and third-party operators. And because of this, there was no way to use digital credentials to prove an online identity in the same manner we do in the real (offline) world.

AMCHAM Korea hosted a morning webinar featuring ICONLOOP to introduce the Decentralized Identity (‘DID’) technology and how it re-envisions the way people create, control, share their personal data. Often referred to as the self-sovereign identity, DID aims to give people power back over their identity and data.

During the webinar, ICONLOOP focused on three key points including what DID is and why it matters, and how it will fundamentally change the way people interact in the digital society.?

1) State of the Digital Identity Today

- What is identity? What is digital identity? What are some challenges today?

2) Decentralized Identifier

- What is DID? Why is the concept of DID getting more popular? How is blockchain relevant?

3) Application Case in the Finance Industry

- What is an example of DID?