Actually getting self-sovereign identity to work is what we like to call a wicked hard problem – and in reality, it’s several wicked hard problems rolled into one. Wicked hard, perhaps – but there’s no question that we need to solve this problem, and solve it fast.
Not only has credit bureau Equifax dropped the ball on keeping your identity safe, but now to add insult to injury, the IRS has announced it’s placing a $7.5 million dollar order “for third party data services from Equifax to verify taxpayer identity and to assist in ongoing identity verification and validations.”
Of all the companies the IRS should trust with taxpayer identity information, you’d think Equifax would be at the bottom of the list, not at the top. What’s going on here?