Web Assembly​

Web Assembly is a popular format for running binary applications in web browsers (with wide support).

This can have a few advantages but the interesting thing for us is that this can allow sharing of implementations of functionality: credential issuance, DID resolving, cryptographic functions, etc which you may not want to necessarily re-implement in JavaScript or TypeScript.

The SSI-SDK is an implementation of a lot of standards for self sovereign identity, so it is a great candidate to expose via WASM to web apps.

Block recently partnered with the Human Rights Foundation to present Currency of Freedom, a series of fireside chats with humanitarians, activists, and leaders who shared their stories of relying on bitcoin for critical financial access.

Web 5 puts users in control of their own data. Right now your bank balance, credit card transaction history and the identity information on your utility bills are in dozens of databases owned by dozens of companies with dozens of terms of service you probably haven’t read.

The Verifiable Credential Selector (VCS) is an open source widget that makes it easy for you to gain possession of your data from Financial Technology (FinTech) apps. VCS uses Decentralized Identifiers and Verifiable Credentials so once you have control of your data, you can selectively share only what’s required - instantly rather than waiting minutes.

As stewards of an open source ecosystem, we welcome innovation from the community. To encourage new ideas from folks around the world, today we launch the TBD Open Source Incubation Program.

TBD and Circle are collaborating on a set of open standards and open source technologies aimed at enabling global-scale, mainstream adoption of digital currency in payments and financial applications. The first step of which will support cross-border remittances and self-custody wallets that can hold stablecoins.

Self Sovereign Identity (SSI) is an umbrella term well-detailed by Christopher Allen, and inspired by many in the Identity community before him, in his 2016 blog post: The Path to Self-Sovereign Identity, which identifies Ten Principles of Self-Sovereign Identity:

When you hear the term 'credential', what comes to mind? Is it a driver's license, passport, birth certificate, college degree, state ID? The common thread of these forms of credentials is that they are physical items, verified by recognized centralized bodies like a government agency or accredited university.

So how do credentials translate into the digital world where within a few clicks someone can make a fictitious identity? Introducing... verifiable credentials (VCs), a digitally signed electronic credential that follows an open standard that lets you create, own, and manage your credentials across a variety of platforms.

At TBD, we believe in a decentralized future that returns ownership and control over your finances, data, and identity. Decentralized Identity is critical to our mission. It’s what puts people in control of their own data. It is the most private, secure, and user-centric way to facilitate information exchange and verification online.

We’re committed to an open software delivery model and therefore want to share our roadmap to Web 5.

Web 5 is a decentralized platform that provides a new identity layer for the web to enable decentralized apps and protocols.

In the current web model, users do not own their data or identity. They are given accounts by companies and their data is held captive in app silos. To create a new class of decentralized apps and protocols that put individuals at the center, we must empower them with self-owned identity and restore control over their data.