Ping Identity Corporation Company Profile

Sr. No.

Item

Description

1

Company Name

Ping Identity Corporation

2

Website

www.pingidentity.com

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Established Date

2002

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Headquartered

United States

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Market Position/ History

Ping Identity Corporation was founded in 2002 and is headquartered in the United States.

The company has offices across Austin, Denver, Vancouver, Bristol, Grenoble, London, Bangalore, Israel, and Singapore.

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Sales Area

North America, Europe, Asia, the Middle East and Australia

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Competitors

ArcBlock, Inc, Blockpass, Metadium Technology, Inc., Gen Digital Inc., Wipro, KYC-Chain, Danube Tech, Microsoft

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CEO

Andre Durand

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Ownership Type

Private

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Contact Information

1001 17th Street, Suite 100, Denver, CO 80202, USA

Tel: +1 303-468-2900

Fax: +1 720-728-1081

Product

Product Description

Decentralized Identity 101

It is an approach to identity management that allows users to control their identity information. Sometimes referred to as “identity on the network edge” or self-sovereign identity, it eliminates the need for users to provide unnecessary amounts of personal information in order to access a service. Organizations issue users a verifiable digital credential that is stored in a digital wallet. Users present their credentials to organizations that can verify the information instantly without having to contact the issuer.

Who Uses Decentralized identity

Issuer

The organization that creates a Verifiable Digital Credential signed with their private key and issues it to the holder [generally the end user of the verifiable credential].

Holder

A person or user that creates the decentralized identifier, then receives and stores the Verifiable Credential in their digital wallet app.

Verifier

A party that checks the credentials and can read the issuer’s public identifier or certificate to verify if the Verifiable Digital Credential the holder shared was signed by the issuer’s keys.

Common Terms

(Taxonomy)

• Verifiable Credentials (VCs)

A digital verifiable credential consists of any attribute that can be attached to a person. It contains important information about the verifiable digital credential including the issuer, who it was issued to, and specific data attributes. Verifiable Digital Credentials are cryptographically-secure to ensure the provenance of the credential.

• Distributed Ledger Technology (DLT)

A decentralized database that is shared among computers in a DLT network that records information in a way that makes it nearly impossible to change, hack, or cheat the system (unless you control 51% of all computing power on the internet).

• Decentralized Identifiers (DIDs)

A unique identifier sometimes stored on DLT made up of a string of letters and numbers that contains details like the public key and verification information. DIDs contain no personally identifiable information.

• Service Provider

A service provider is an entity that needs to verify the identity of a user before providing access to its services or resources.

• System of Record

A system of record (SoR) is a trusted source of information that can be used to verify the claims made by an individual's digital identity. The SoR can be any entity that is trusted to maintain accurate and reliable information about an individual such as a government agency (ex. Department of Motor Vehicles for a state driving license), a financial institution, or an educational institution.

• Trust Frameworks

Trust frameworks provide a common language and set of expectations for entities in the decentralized identity ecosystem, such as issuers, verifiers, relying parties, and users. They define the processes for issuing, verifying, and using digital identities and credentials, as well as the technical requirements for interoperability and security.

• Self-Issued OpenID Provider

SIOP is based on the OpenID Connect protocol, which is widely used for authentication and authorization in web applications. With SIOP, individuals can create and manage their own digital identities, and use them to access a wide range of online services and resources.

• Digital Wallets

Digital wallets are the storage mechanism for verifiable credentials. Digital wallets can be embedded into an application and proprietary to a service provider, or they can be open and all forms of verifiable credentials can be stored.

Year

Latest News

March 2023

Ping Identity launched new Decentralized Identity Management Solution

In March 2023, Ping Identity, the intelligent identity solution for the enterprise, announced early access to PingOne Neo, a multi-standard decentralized identity management solution. Neo improves data security, privacy, and control for individuals while reducing resource and compliance burdens for enterprises.