Perkins Coie Is First Law Firm Selected as Sovrin Founding Steward

Perkins Coie LLP, the US-based international law firm which helped form the Enterprise Ethereum Alliance, has been named a Founding Steward by the Sovrin Foundation. It is the first law firm to be selected.

The Sovrin Foundation is a private sector, international nonprofit organization established to govern the self-sovereign identity (SSI) network. Its stated aim is that people and organizations can create and control portable, self-sovereign digital identities that cannot be taken away by any government or organization.

“We’re honored to have been selected as a Sovrin Founding Steward,” said Dax Hansen, Chair of the firm’s Electronic Financial Services and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term Technology & Digital Currency industry groups. “Our involvement in this initiative and others, including the Enterprise Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term Alliance, shows our continued position at the forefront of new, emerging technologies, and we look forward to supporting Sovrin as the SSI network grows and matures.”

The Sovrin Foundation uses open-source distributed ledger technology, and the records are said to be protected by best practices in key management and cybersecurity.

“This is the future of identity,” said Joe Cutler, Partner in the Privacy & Security Group and co-founder of the firm’s Blockchain Technology & Digital Currency industry group. “SSI aims to shift control over your most personal information back into your own hands, and to end this notion that you must sacrifice privacy and security in order to participate in today’s digital economy.”

As a Founding Steward, Perkins Coie will run one of the global network’s interconnected nodes.