GSMI 6.0 | Digital Identity & Privacy for Web3: Privacy by Design, ZK Proofs, and Scaling Adoption

Moderated by Global Blockchain Business Council (GBBC)’s Diana Oreto (Barrero Zalles), this discussion with Global Standards Mapping Initiative (GSMI) 6.0 Digital Identity & Privacy Working Group co-chairs Karen Ottoni (LF Decentralized Trust) and ShihYun Chia (VerifyVASP) emphasizes privacy as selective, contextual disclosure—not anonymity—enabled by tools like verifiable credentials, decentralized identifiers, and zero-knowledge proofs, while noting that governance (issuer assurance, revocation, accountability and audit pathways) is as critical as cryptography.

The conversation highlights identity friction as a barrier to institutional onboarding for AML/KYC, travel rule compliance, and market surveillance, and outlines production challenges for ZK such as performance, tooling maturity, integration complexity, costs, and standardization gaps. They call for collaboration and converging standards through real-world use cases to reduce fragmentation across blockchains, regulations, and industries.

Watch the full recording here.

Read the GSMI 6.0 report on Digital Identity & Privacy here.