A self-sovereign identity (SSI) allows a person, organization or machine to generate and completely control a digital identity without the need for the permission of an intermediary or a central party. It also allows control over usage and sharing of one’s personal data.
Today, the world economy is entering a new stage of digital development, which is characterized, among other things, by an active transformation of institutions and mechanisms of public administration.
Currently, the sphere of high technologies, innovations, including in insurance, is becoming the main way for the creation and implementation of new competitive services and goods.
In the extraction industry, there is an intensive introduction of digital technologies at all stages of production – from geological exploration to the sale of final products. This is most noticeable in the oil and gas industry, where digitalization is regarded as the main way to increase the competitiveness and profitability of a business.
The retail industry has been and remains one of the most receptive to various innovations. In the past year, digitalization and informatization of retail have gained momentum, and now retailers need to solve new problems in order to use the new opportunities and prospects that are opening up before them. It is obvious that a correct and timely response to the situation in the modern retail market will give the company an edge over its competitors.