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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 damageDecision    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
Legal6

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 
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
Strategic7

Dependency 





8

Intermediaries





9

Acceptance





10

Engagement (Governance Rules)





11

Usability





12

Interoperability (Standards and Protocols)





13

Integration





14

Communication (Marketing)





Security15

Physical vulnerabilities (Device lost)





16

Protecting sensitive data







  • Consensus
many times in a yearCompeting technologyMisusing of DID
GAFAM
once in 1 years
FundingMarketing
once in 2 years

  • Governments Rules
  • International Compatibility (ex. GDPR)

once in 5 years



once in 10 years

Environmental cost


percentage of occurrence  Probability / Potential damageLowMediumHighVery High
  •  No-consensus-pile

.....

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