What benefits would accrue to network stakeholders? 77 WORLD ECONOMIC FORUM | 2016 Network stakeholders are parties who are involved in the core operation of the network itself. The network stakeholders are users, IdPs and RPs. Decreased risk and liability RPs understand their liability in the event of data loss or breach Information accuracy RPs have access to trusted, verified identity information Service tailoring RPs can provide more tailored products and services Decreased transaction abandonment A streamlined user experience removes barriers to completing transactions Service provision RPs can differentiate between illicit and legitimate users C RELYING PARTIES Revenue growth IdPs can charge fees for processing identity transactions Competitive positioning IdPs can forge a strong relationship with users and position themselves as a critical part of the digital economy Decreased risk and liability IdPs understand their liability in the event of data loss or breach Improved products and services IdPs can use detailed and trusted customer information to deliver tailored services B IDENTITY PROVIDERS Privacy and control Users are able to control who has access to their attributes Security User attributes are held in safe and secure locations Transparency Users have visibility into how and when their attributes are exposed Convenience Digital attribute transfer allows users to transact in an efficient manner A USERS
