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Definition:

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]


Here is a summary of risks that is already gathered by other Work Items:

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Suggested Risk Categories:

  • Financial
    • Companies with centralized Identity on the way of decentralization (GAFAM)
    • Competing technology
    • Marketing
    • Environmental cost
    • Funding
  • Legal
    • Governments Rules
    • International Compatibility (ex. GDPR)
    • Misusing of DID
    • User Responsibility
  • Strategic
    • Dependency 
    • Intermediaries
    • Exposure to Governance Rules and standards
    • Usability
    • Acceptance
    • Interoperability (Standards and Protocols)
    • Integration
    • Ontopiness
  • Security
    • Protecting data
    • Losing data
    • Dark Net
    • Trust Infrastructure


[1] What is Risk Management? | IBM



The Paper presented in TNC 2025 : Risks of Digital Identity in Education and Research Wallets