For enterprises, securing large amounts of their customers’ personal data comes at a great cost. Enormous budgets are allocated towards preventing cybersecurity attacks. Suffering a data breach can be catastrophic, affecting brand loyalty, reputation and a company’s bottom line. A recent trend shows enterprises moving more towards using federated identity systems to manage their customers’ personal information. Although costs can be lowered using this mean, it requires trusting companies such as Facebook and Google to manage your customers’information. This in turn leads to personal information becoming more centralized and fewer companies gaining more power and influence, while personal information is sold to advertisers and governments. Federated identities don’t work. Self-sovereign identity (SSI) is the solution to these problems. Using SSI, enterprises can better engage their loyal customers and tailor user experiences based on preferences. SSI also enables enterprises to drastically reduce security costs, while eliminating the risk of data breaches.

Bio: About Mathieu Glaude — Mathieu Glaude is the Chief Executive Officer of Northern Block, a blockchain consultancy and leader in self-sovereign identity. Mathieu is a thought leader in blockchain, having spoken globally about blockchain and self-sovereign identity. He is a serial entrepreneur, having been involved in many technology start-ups. Before Northern Block, Mathieu held a product management position within Capital One Bank, deploying large customer-facing systems to production. About Northern Block, Inc. — Northern Block is a blockchain consulting and venture creation firm. We create elegant, production-grade software using cutting-edge blockchain technology. We enable the creation of disruptive business models and user-centric applications that achieve trust through open, transparent and fair systems. To learn more, visit https://northernblock.io/.