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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 | - compatibility issues (technical, policy)
- cannot solve compatibility and end up with silos
- we cannot cope with the "stability" of paper (issuance, but also verification)
- we cannot provide good enough usability → silos for fixing this
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| 2 | credential flow | - other standards and architectures are imposed on us, requiring us to change a lot
- not good enough user-friendlyness makes the wallet-ecosystem fail as a whole
- GAFAMs to impose their way (including browsers as "their" tool, interference with their business interests)
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| 3 | credential governance | - how about other governance models being forced upon us?
- intermediaries trying to keep their influence
- overcoming national borders might impose barriers
- failing to communicate the new "VC world" to end users and those engaged in the process
- if usability is missing, the trust governance cannot be communicated appropriately
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[1] What is Risk Management? | IBM
