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Universal Wallet Of Things
UWoT: What is in your wallet?
The UWoT (Universal Wallet of Things) represents a convergence of different types of digital assets and functionalities into a single, secure, and user-centric platform. It aims to streamline and simplify the management of various digital belongings, ranging from financial assets to personal identification documents, loyalty programs, and more. This article explores the concept of a Universal Wallet of Things, its potential benefits, and the challenges associated with its implementation.
A UWoT encompasses a broad range of digital assets and functionalities, providing users with a unified and secure repository for their diverse digital belongings. It goes beyond traditional digital transactions and encompasses. As its basis, it is a Data — Onboard custodian by access management with secrets governance and trusted agent and application management.
Secrets management refers to the practices and techniques used to securely store, access, and manage sensitive information, such as passwords, API keys, cryptographic keys, and other credentials. Effective secrets management is crucial for protecting sensitive data and ensuring the security of systems and applications.
Secrets management: key sharding, key generation / secure destruction, digital certificates management, SSO, passkeys, etc.
Authorization, attestation and verification management: MPC and other cryptorgaphic mechanisms can be involved.
Secret Sharing and Escrow: In some scenarios, secrets need to be shared among multiple parties or stored securely for recovery purposes. Techniques like secret sharing, where a secret is split into multiple parts, or escrow services can be employed to ensure secure sharing and recovery.
This involves secret storage, secret rotation (including certificates), processing (mutual authentication, integrity checking, etc), checking secret (keys, passcodes, cryptographic algorithms and protocols, API keys, etc) strengths, etc.
Secure RNG will come with entropy assurance. It should also be signed and committed to secure logging.
Digital Signatures: Generation and management of digital signatures for secure authentication and verification of documents and transactions.