MyDid Chose BeInCrypto To Announce Its New CEO

MyDiD is a French-Swiss firm that focuses on identification and certification options for Web3 communities. The decentralized identification firm selected BeinCrypto to announce its new CEO: Bastien Ebalard.

Ebalard, a professor on the famend Kedge Business School positioned within the coronary heart of the Calanques National Parc, and writer of the “Blockchain Consultant” and “Blockchain Project Manager” applications on the Alyra blockchain college, is now in command of My Did. The new CEO granted us an unique interview.

Tell us about your background and the way you got here to hitch MyDid

Hi Victor and all of the readers of BeInCrypto !

I initially graduated from Sciences Po, in Paris, and had already began a profession as a method marketing consultant earlier than falling down the Bitcoin “rabbit hole” in 2015. Since then, I’ve at all times devoted myself absolutely to develop data associated to the general public blockchain ecosystem.

I’ve labored with Oxford University and created quite a lot of coaching content material for different colleges and universities, equivalent to a Blockchain MBA program for ITM Ghaziabad, programs for EMD administration college, a grasp program in blockchain for Kedge enterprise college… However, I’m finest recognized for being the writer of the “Blockchain Project Manager” after which the “Blockchain Consultant” program at Alyra: I had the privilege of coaching greater than a thousand professionals, who are actually evolving throughout the French-speaking and worldwide WEB3 ecosystem. I’m certain a few of them are studying us 🙂

I’ve additionally assisted numerous main accounts of their blockchain transition, in addition to being an advisor for Kryptosphere, and a public speaker for Binance… It is honest to say that I’ve a fairly broad imaginative and prescient of the energetic decentralized communities and of the themes tackled by these totally different teams.

I had already recognized the matters round decentralized identification as a cross-cutting topic of the longer term, but in addition as one able to supporting the WEB3 communities in the long term. However, it was final yr after I had the chance to dive deeper into this broad subject – broader than I believed – due to the chance to current the myDid challenge on the Paris Blockchain Week Summit.

Aside from a standard curiosity within the digital identification revolution and the truth that I already knew fairly properly of a few of the workforce members, I used to be additionally chosen for my means to current the problems and talk about these matters internationally, in English, Spanish and Arabic.

A captivating topic and an inspiring workforce are two key substances for the success of a challenge equivalent to this: it didn’t take a lot to persuade me to hitch the initiative as quickly as I used to be introduced with the chance was introduced. I used to be already aware of the topic, the workforce and the stakes… that is an affiliation that mixes motive and fervour, as a result of that’s what it takes to sort out the market collectively in 2023!

Can you clarify the notion of digital identification ?

Are you obtainable for a pair days ? 🙂 It’s already fairly a problem to outline digital identification earlier than it even turns into decentralized!

A digital identification is each a technological means given to you to be willingly represented on-line as totally different profiles and attributes. However, additionally it is and too typically: identifiers that you just don’t actually select, private data that you just give with out actually desirous to. In quick ; marks that you just depart with out actually any management over them.

Until now, we nearly by no means have management over our totally different digital identities, even when they’re positively linked to advantages and rights.

One of the important thing elements of Web3 is the reappropriation of the management of their private knowledge by Internet customers. How can blockchain be an answer to this ?

Blockchain and Web3 are incessantly talked about, in useless, however identification is the right illustration of a central subject for which we deeply want a standard infrastructure of belief, and the place knowledge decentralization is of the utmost significance.

To attempt to make it easy, inside a decentralized identification answer, the blockchain permits to retailer publicly the identification attributes of establishments equivalent to firms, organizations or administrations… and it additionally permits to supply time-stamped public traces, and solely the place it’s helpful.

The blockchain doesn’t retailer any of the non-public data of the customers of those options. In addition, according to the unique pattern of the web3, the duty and energy is extra on the “client” aspect, with the info being saved domestically inside their cryptographically secured person wallets.

It turns into simpler for on-line providers to request verified and verifiable data, even in real-time ! In the context of a single straightforward use, and with out having to fill in the identical repetitive and tedious types, we are able to authenticate customers in an ultra-secure manner, with out passwords or second elements of poor safety (like SMS). This is an actual conceptual revolution, a kind of reversal of the (private) knowledge valuation fashions. Thes customers reclaim the facility over their digital attributes and free themselves from the stranglehold of the companies that promote federalized identification options.

The Internet person thus regains management over their identities, with out being certain to a centralized paid by monitoring and spying on their actions. Regardless of the geographical space thought-about, this actor is prone to prohibit the elemental freedoms of an Internet person, whether or not via deliberate censorship or a easy involuntary malfunction.

What might be the dangers for the customers to make use of these new decentralized identification options? 

The threat is usually to do nothing! If we maintain utilizing identities linked to intrusive centralized accounts like these offered by Google, Apple and others, we settle for to change into a herd that’s always monitored, dominated and manipulated, with out us occasion realizing. Failing to handle these points is to contemplate as inevitable the arrival of a probably limitless surveillance society, though we now have new technological constructing blocks to free us from it.

It would additionally imply depriving ourselves of the thrilling future functionalities related to identification portfolios, equivalent to: the advance of digital consultations in organizations (and maybe in a while digital voting…), new decentralized social networks, new extra democratic governance of DAOs (Decentralized Autonomous Organizations), and so forth.

What do you consider sovereign clouds?

We’ve seen how selling sovereignty on too massive a scale and with no clear goal can result in useless ends, just like the European Gaia-X challenge. On a nationwide degree, in France, we’re already fortunate sufficient to rely on a couple of main cloud gamers, equivalent to OVH, which we should always have the ability to assist extra.

Fundamentally, we should not neglect that even when it’s not at all times straightforward to create fully decentralized options, it ought to finally be potential to free ourselves from the duty to make use of centralized cloud gamers, by selling current “on-chain” processing capacities within the broad sense : on public blockchains, but in addition on decentralized storage areas equivalent to IPFS or Arweave, or on the brand new decentralized cloud options. 

There will at all times be a debate between those that advocate the necessity to create nationwide gamers and people who take part within the creation of probably the most impartial worldwide options potential. After all, for a very long time, individuals had been suspicious of a standard use of the Internet, and which is now thought-about regular and apparent. I imagine that the identical can be true for the usage of the primary public blockchains and decentralized identification requirements, whose use, albeit restricted immediately, will quickly change into intuitive and apparent.

What expertise did you prioritize so as to safe the challenge ?

The technological constructing blocks of our options are the identical as these of most initiatives utilizing a public blockchain. We comply with the World Wide Web Consortium (W3C) requirements on decentralized identifiers (DIDs) and Verifiable Credentials and now we have simply completed our software program pilot for the Decentralized Foundation (DIF)! 

Our wallets solely use cryptographic signature and encryption features advisable by safety businesses equivalent to ANSSI, together with keys which can be protected by the smartphones’ safe areas. 

On the blockchain aspect, for sensible causes, we began on the BNB Smart Chain (BSC), however our answer is basically multi-chain and we’re at present engaged on supporting a number of blockchains, together with Polygon and Bitcoin.

What is your method relating to regulatory compliance?

Our options meet the RGPD, the General Data Protection Regulation on the European degree. 

We are at present finding out the opportunity of assembly the degrees of certification from the European eIDAS regulation, whose scope applies to digital identification and belief providers, though we’re conscious that this framework was not initially designed for decentralized options. It’s as much as us to persuade them of how essential it’s 🙂

We are additionally always looking out for brand new developments on this space: in a really current improvement, though it’s not a regulation per se, the European Union has simply printed the specs of the EUDI Wallet (European Digital Identity Wallet) ; we’re intently finding out the scope of this regulation, so as to decide whether or not it’s potential and acceptable to adjust to it.

In common, our providers retailer as little person data as potential, which helps us to adjust to all rules that intention to guard person knowledge. Where multinational knowledge firms impose their mantra: “Your data, the source of our money”, we recommend a brand new adage: “Your data, the essence of your sovereignty”.