May 2024
How banks can leverage new Web3 tools to create and solve corporate and individual identity problems – a proof of concept with Polygon ID
Identity is everything. It is key to the inner workings of our societies, governments and economies. Without it, we can only have the narrowest of realities: one without legal agreements, banking services, or even getting paid. Identity is the key to trust, and trust, really, is everything.
In our digital world, where software is eating the world, all identity aspires to be digital too. In reality, it is mostly paper-based, splintered, and prone to error.
This paper, published by Deutsche Bank in association with Polygon Labs, explores a natively digital, sovereign, private identity infrastructure, that leverages blockchain and zero knowledge cryptography. Such identities could underpin our future lives: mostly digital, fully integrated, benefiting from the convergence of Web3, IoT, and AI.
Deutsche Bank contributors
Christopher Noone, Digital Assets & Currencies Transformation
Thomas Brophy, Digital Assets & Currencies Transformation
Dominik Dribusch, Corporate Bank Transformation
Jan Schumann, Commercial Banking Technology
Polygon ID contributors
Antoni Martín, Founder, Polygon ID
Boris Spremo, Tokenisation Lead, Polygon Labs
Otto Mora, Technical Sales Americas, Polygon ID
Silvia Aran, Technical Sales, Polygon ID