Too Long; Didn't Read
Identity is the key element that differentiate security tokens from other blockchain protocols. In the current generation of security token platforms, identity is constrained to the use of “white lists” which represent a directory of investors approved to perform specific transactions. While white lists enable identity-based capabilities, they do not represent a form of identity in and out itself. As the security token space evolves, identity should evolve as a standalone protocols that are used across different security token platforms. Achieving this requires a careful balance between securities law, the characteristics of distributed ledger runtimes and decades of research in identity management protocols. In this two part article, I would like to explore some ideas about identity protocols that could be relevant to the next wave of security token platforms.