Risks Assessment

Potential damage

Low
Medium
High
Very high

Decisions:

Accept: acknowledge the risk, but do not take any action before it hits
Mitigate: take measures to reduce the probability of occurrence or the potential damage
Avoid: do something else without this risk, e.g. nothing
Transfer: let someone else take care of it, e.g. insurance
(Deny the risk: not allowed to choose, but many managers do this nevertheless...)

			Probability of occurrence	Potential damage	Decision	Reasons
Financial	1	GAFAM	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny	Financially it is not possible to compete with GAFAM Mitigate→ find approach against GAFAM in strategic category
	2	Competing technology	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny
	3	Marketing	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny	Mitigate→ compatibility with new rules participation in the activities steering and show case the development communicate with institutes to bring them to ecosystem
	4	Funding	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny	participating in projects and present ourself and requirements and capabilities
	5	Environmental cost	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny	not selecting environmental consuming technology like some types of ledgers
Legal	6	Governments Rules	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny	develop and share best practices monitoring develop common strategies
Legal	7	International Compatibility (ex. GDPR)	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny	same as above plus finding common denominator solutions
	8	Misusing of DID	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny	Refer to existing solution like revoking ID
Strategic	7	Dependency	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny
	8	Intermediaries	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny
	9	Engagement (Governance Rules)	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny
	10	Usability	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny
	11	Acceptance	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny
	12	Interoperability (Standards and Protocols)	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny
	13	Integration	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny
	14	ontopiness	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny
Security	15	Physical vulnerabilities (Device lost)	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny
Security	16	Protecting sensitive data	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny
	17	Security of Credentials	(once in 10 years) (once in 5 years) (once in 2 years) (once in 1 years) (many times in a year)	Low Medium High Very high	Accept Mitigate Avoid Transfer Deny

Consensus

many times in a year	Competing technology	Misusing of DID		GAFAM
once in 1 years		Funding	Marketing
once in 2 years			Governments Rules International Compatibility (ex. GDPR)
once in 5 years
once in 10 years	Environmental cost
Occurrence Probability / Potential damage	Low	Medium	High	Very High

No-consensus-pile

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