Digital Wallet Project in Taiwan

Opening.

It is a four-year program to build a universal infrastructure, securing digital identity, which will meet the challenges of our increasingly interconnected global landscape.

We will create a digital identity framework that empowers users with complete control, ensuring optimal privacy and trustworthy verification.

We will be adopting two W3C standards, including Decentralized Identifiers and Verifiable Credentials.

The Digital Wallet leverages the industry’s leading Self-Sovereign Identity (SSI) framework, offering several key benefits:

Overview.

The Taiwan Digital Wallet will be open-source. We will release the Digital Wallet, Issuer SDK, and Verifier SDK for free, allowing all government agencies and private enterprises worldwide to use them.

Global institutions can freely use and fork the software without prior approval.

This will significantly accelerate the progress and growth of the verification industry and ensure that Taiwan’s Digital Wallet continues to meet the latest international credential standards.

Any entity, including government agencies and private enterprises, can freely issue credentials and conduct verifications.

This fosters a competitive verification industry, encouraging the development of secure and reliable verification methods.

It also facilitates smoother collaboration with international partners.

We will also create a sandbox environment where these organizations can test their software and required verification features.

This sandbox is a testing environment that allows developers to innovate and create new services without disrupting the production environment.

It also enables cybersecurity experts to inspect new features early to ensure their security.

To create a more secure and reliable verification ecosystem, the Taiwan Digital Wallet project will actively collaborate with all stakeholders from the outset.

We will be holding a bi-monthly technical advisory meeting, allowing government agencies and private enterprises, who best understand the practical verification needs, to propose necessary system features.

Interested developers will then compete to build these features, accelerating the iteration of the Digital Wallet system and uncovering more commercial potential.

Lastly, the technical advisory meeting will discuss trust model for verifiable data registry, to develop Self-Sovereign Identity (SSI) framework for securing digital identity.

Thank you for your attention. We look forward to working together towards a more connected and secured digital future.