Brainstorming on
Participants:
Definition:
Risk management is the process of identifying, assessing and controlling financial, legal, strategic and security risks to an organization’s capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters. [1]
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1 | ecosystem use cases |
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2 | credential flow |
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3 | credential governance |
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4 | Wallet and protocol governance |
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Based on the above definition and the risks mentioned in the table, this classification is presented. That includes other aspect of risk as well.
Suggested Risk Categories:
- Financial
- Companies with centralized Identity on the way of decentralization (GAFAM)
- Competing technology
- Marketing
- Environmental cost
- Funding
- Legal
- Governments Rules
- International Compatibility (ex. GDPR)
- Misusing of DID
- User Responsibility
- Strategic
- Dependency (ex: GAFAM)Dependency
- Intermediaries
- Acceptance
- Engagement (Exposure to Governance Rules )and standards
- Usability
- Acceptance
- Interoperability (Standards and Protocols)
- Integration
- Communication (Marketing)Ontopiness
- Security
- Physical vulnerabilities (Device lost)
- Protecting data
- Losing data
- Dark Net
- Trust InfrastructureProtecting sensitive data