Digital Trust Ventures (DTV) is a venture studio founded by authentic web (AW) pioneers to take advantage of the cooperative network effects and new business models made possible by transitive trust and AW technologies.

If you’re an entrepreneur eager to bring these technologies into a market you’re familiar with, we’ll help you conceive, fund, and execute an optimal short-term plan that leads to your big long-term vision.

A venture studio founds and co-founds new ventures, contributing time and specialized know-how and other resources to a small number of startups rather than capital only to many.

A venture studio is not an incubator or an accelerator. Learn more here, here, and here.

Transitive trust: trust established in one domain is partially or completely transferable to another.

Examples:

• A doctor credentialed in one country is quickly authorized in another
• A police officer completes a traffic stop without leaving his vehicle
• Websites accept credentials they didn’t issue that are stronger than usernames and passwords
• A caller transferred between departments doesn’t need to re-authenticate
• Secure internet voting

And many more: whenever proof from a separate trust domain is required and verifications are difficult to quickly obtain. Transitive trust streamlines verifiability of information between silos of an organization or across the internet.

With authentic web (AW) and verifiable credentials, transitive trust is now possible on a global scale. Learn more in our Thesis page.

SSI enables people, organizations, and things to form secure, private, persistent connections usable for any type of trusted interaction. SSI establishes trust from low to high levels through the mutual exchange of cryptographically verifiable credentials.

SSI and transitive trust enable important breakthroughs in user and customer experience while enhancing privacy and security, and can help re-decentralize the internet.

Usernames and passwords are plain text usable by any fraudster who steals them. Digital, standardized, verifiable credentials solve this problem and go much further.

With verifiable credentials, four things are cryptographically (mathematically) verifiable:

1. The issuer of the credential
2. To whom (or what) the credential was issued (optional)
3. The credential has not changed since it was issued
4. The credential has not been revoked by the issuer

Verifiable credentials contain digitally signed attestations about anything. For example, Toyota could issue a verifiable credential for each vehicle they make that’s essentially a digital form of this:  

Toyota could make these publicly available so that anyone anywhere could quickly verify, with cryptographic strength, that this information was attested by Toyota.

DTV is interested in new business models now possible at AW’s application layer that take advantage of AW’s cooperative network effects. We believe it is the opportunity of a lifetime.

AW is gaining momentum and will significantly impact many industries. AW will open markets, reduce vendor lock-in, lower transaction costs, simplify workflows and move more control over your digital life to where it belongs: you.

Learn more in our Thesis page.

Verticals we’re helping entrepreneurs with now:

• Telecommunications
• Banking
• Healthcare
• Trade & supply chain
• Securitization

Other areas of interest:

• A.I.
• Government digital services/identity
• Entertainment
• Cybersecurity
• Enterprise Identity & Access Management
• Voting

We couldn’t imagine a stronger, more immediate stimulus toward AW than a global pandemic that forces so much of our lives to be done remotely.

Telework, telehealth, e-gaming, e-voting, and more will increase quickly and dramatically. Many business workflows must change. The opportunities are everywhere and the need is immediate.

AW and transitive trust can enable these and more to be done securely and effectively. We are ready to help entrepreneurs conceive, fund, and deliver these solutions as quickly as possible.

That is covered in detail in our Thesis page.

DTV helps entre/intrapreneurs:

• Develop an optimal business model and go-to-market strategy
• Generate early revenue without sacrificing the big vision
• Correctly architect for authentic data and for the target vertical
• Recruit a world-class team
• Raise capital
• Reduce risk by adhering to Lean Startup principles

(Intrapreneurs are employees of a company who are assigned to work on a special idea or project. They are given the time and freedom to develop the project as an entrepreneur would.)

The challenges and opportunities for AW startups are different from other startups, especially when going to market. DTV’s recipe for success has five parts:

Part 1:  The Small Vision — a market entry plan where traction and/or revenue is generated, investment justified, and survival assured regardless of broader digital trust adoption (this is the hard part)

Part 2: The Big Vision — future state where adoption is widespread and your industry is transformed

Part 3:  Dominos — incremental business targets that lead from the Small Vision to the Big Vision

Part 4:  Re-Imagined UX — outside-the-box game-changing UX/CX not previously possible

Part 5:  Open, User-Sovereign Protocols — true AW ventures aren’t captive platforms, they introduce open interoperable protocols that enable user sovereignty

Over and over, we see entrepreneurs confusing use cases with business models. They are not the same.

Payments use case: AW can enable credit card holders to prove their identity, preventing CNP fraud.

Payments business model: AW-enabled hosted service sold to payment gateways, starting with a specific small vertical having fewer, larger transactions.

Gaming use case: AW could prevent online gamers from over-extending themselves across different gaming sites.

Gaming business model: In a specific country, this has become such a problem that regulators have mandated gamers and gaming companies adopt a system that accomplishes it. The solution will be sold as a managed service to gaming companies and an app/wallet provided free to gamers, with an underlying open protocol developed to prevent sole-source/vendor lock-in.

DTV will launch its first venture fund in 2024. As a venture studio, DTV helps architect AW startups technically, helps position them as market leaders in their vertical, helps recruit a world-class team, and helps develop a solid go-to-market strategy. With the fund, DTV can also write the first check.

Having a “Big Vision” is easy with KERI and AW. DTV helps AW startups with the hard part: the Small Vision, the go-to-market plan that gets around the chicken/egg adoption obstacle and generates early traction without sacrificing the Big Vision.

Architecting AW products without adequate expert consideration of possible security, privacy, and performance ramifications is risky, both for the startup and its clients.

Architected correctly, AW-enabled products deliver breakthroughs in security, privacy, efficiency and user experience that can delight customers, reduce costs, enhance compliance and bring significant competitive advantages.

While AW has global momentum at the lower layers of the stack, the biggest opportunity now is at the application layer, for strong, vertically-focused products that deliver AW’s promises into the hands of end users.

DTV is ideally experienced to help entrepreneurs with the challenges and opportunities unique to AW. We know success, failure, and how to design and execute a go-to-market plan that will work.

If you’re an AW entrepreneur, let’s talk.