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About Us

iDen2 Inc. is a US-based company with operations in the Middle East and Switzerland. Established in 2022 by co-founders with over 250 years of collective experience in Identity Management, Verification, and Decentralized Identity, our mission is to digitize society by developing a trust layer for the internet through standards and innovation.

With the acquisition of Bindle Systems, the largest SSI network in the US, iDen2 has secured a strong market position. We have established relationships with 300 issuers and 400 verifiers, serving hundreds of thousands of users worldwide

Philip Fahim, Co-Founder

Announcement

iDen2 Acquires Bindle

The Largest Self Sovereign Identity in the USA

Deployed by 300 Issuers & 400 Verifiers

FAQ

Frequently Asked Questions

What is Decentralized Identity Wallet?

Decentralized Identity is a user-centric approach to managing digital identities without relying on a central authority. It uses technologies like blockchain to allow individuals to control their own identity data.. Self-Sovereign Identity is a model where individuals have full control over their digital identities. They can store their identity data in digital wallets and share it selectively with service providers.

How does a Decentralized Identity system work?

A Decentralized Identity system uses digital identifiers (DIDs) and verifiable credentials issued by trusted entities. These credentials are stored in a digital wallet and can be presented to verify identity without exposing unnecessary personal information1.

What are the benefits of using SSI Wallets?

SSI wallets provide enhanced privacy, security, and user control. They reduce the risk of data breaches and identity theft by minimizing the amount of personal data shared with third parties1.

What are the challenges of implementing Decentralized Identity?

Challenges include interoperability between different systems, user adoption, regulatory compliance, and the need for a robust infrastructure to support decentralized identity management.

How is Decentralized Identity different from traditional identity management?

Traditional identity management relies on centralized authorities (e.g., governments, and corporations) to issue and verify identities. Decentralized Identity, on the other hand, allows individuals to control their own identity data without relying on a central authority.

How do Zero-Knowledge Proofs (ZKPs) work in SSI?

Zero-knowledge proofs (ZKPs) are cryptographic methods that allow one party to prove to another that a statement is true without revealing any additional information. In SSI, ZKPs can be used to verify identity attributes without disclosing the actual data.

What is the role of identity wallets in SSI?

Identity wallets are digital tools that store and manage an individual’s verifiable credentials and DIDs. They allow users to control their digital identity, selectively disclose credentials, and manage the sharing of their personal data1.

What is the difference between SSI wallets and traditional digital wallets?

Traditional digital wallets typically store payment information and other financial data, while SSI wallets store verifiable credentials and identity data. SSI wallets provide greater control over personal information and enhance privacy and security

What are verifiable credentials?

Verifiable credentials are digital statements issued by trusted entities that can be cryptographically verified. They contain information about an individual’s identity and can be used to prove identity without revealing unnecessary details.

How do SSI wallets enhance privacy?

SSI wallets enhance privacy by allowing users to share only the necessary information required for a transaction. They use cryptographic techniques to ensure that the shared data is secure and cannot be tampered with.

What role does blockchain play in Decentralized Identity?

Blockchain provides a secure and tamper-proof ledger for storing digital identifiers and verifiable credentials. It ensures that identity data is immutable and can be trusted by all parties involved.

What are some use cases for Decentralized Identity and SSI wallets?

Use cases include secure access to online services, digital voting, healthcare records management, financial services, and more. These systems can be used wherever secure and verifiable identity is required.

What is a Decentralized Identifier (DID)?

A Decentralized Identifier (DID) is a unique identifier that is created, owned, and controlled by the individual. It is used to identify individuals, organizations, or devices in a decentralized network without relying on a central authority1.

What are the security features of SSI wallets?

SSI wallets typically include features such as encryption, multi-factor authentication, and secure storage to protect the user’s identity data. They also use blockchain technology to ensure the integrity and immutability of the stored credentials.

How do SSI wallets handle data breaches?

SSI wallets minimize the risk of data breaches by storing data in a decentralized manner and allowing users to control access to their information. Even if a wallet is compromised, the decentralized nature of the system makes it difficult for attackers to access all the data.

How can businesses benefit from adopting SSI?

Businesses can benefit from adopting SSI by reducing the risk of data breaches, improving customer trust, and streamlining identity verification processes. SSI can also help businesses comply with data protection regulations and enhance their overall security posture.

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