Spanish group gets green light for non-blockchain self-sovereign ID research project

The Spanish private capital group GMV’s project to develop a self-sovereign identity (SSI) built on a blockchain alternative has been approved by the Strategic Initiative for Innovative Public Procurement (IECPI) of Spain’s National Cybersecurity Institute (INCIBE).

According to a release, the Luís Valle R&D&I program’s focus on SSI aims to address blockchain’s significant energy drain and limited scalability by leveraging a public key cryptosystem known as identity-based cryptography (IBC), augmented with identity-based encryption (IBE).

Rather than bypassing central ID issuing …

amp biometric r&d biometrics news blockchain capital capital group civil cybersecurity cybersecurity institute digital-identity focus green identity identity verification initiative national national cybersecurity national id non private procurement program project public release research research project self-sovereign-identity spain spanish ssi strategic