Name: Spherity Wallet
Author: Spherity

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Spherity Wallet is a digital identity solution offered by Spherity GmbH. According to the vendor, it aims to establish trust in business ecosystems by enabling decentralized and verifiable credentials. The product streamlines the process of acquiring, issuing, and verifying digitized company certifications required for supply chains. It is designed to cater to small to large enterprises across various industries, including pharmaceuticals, financial institutions, supply chain and logistics, renewable energy, and government regulatory bodies.

## Key Features

**Enterprise Identity Wallet**: According to the vendor, the product streamlines the process of acquiring, issuing, or verifying digitized company certifications needed for supply chains. It provides a secure and efficient way to manage and share verifiable company data within partner ecosystems. The wallet supports different DID methods and various credential formats, ensuring flexibility and interoperability. It also enables seamless integration with existing systems through secure APIs.

**Digital Product Passport**: The vendor claims that the product boosts compliance with regulatory requirements, such as the New EU Battery Regulation. It enables the creation of Digital Product Passports to assess the origin, authenticity, and life-cycle use of products throughout the supply chain. The passports facilitate tracking and assessments of products, supporting circular economy initiatives. The product adheres to open standards like Decentralized Identifiers and Verifiable Credentials for data interoperability.

**CARO (Credentialing Service for US DSCSA Compliance)**: According to the vendor, CARO authenticates direct and indirect pharmaceutical Authorized Trading Partners in real-time. It ensures compliance with the US Drug Supply Chain Security Act (DSCSA) regulations. The product provides a compact app for secure and efficient credentialing processes. It enables real-time authentication of trading partners for enhanced supply chain security.

**Supporting Services**: The vendor offers support in setting up trust ecosystems in specific industries. They provide guidance in developing use cases and business process journeys. The vendor also assists in detailing technical standards, architecture, and trust frameworks for ecosystems. Additionally, they offer production-grade identity wallet cloud services for secure integration with existing IT systems.

**Decentralized Identifiers**: According to the vendor, the product provides unique, permanent, and verifiable decentralized identifiers as lifetime addresses. It enables secure and privacy-respecting storage of verifiable data through cryptographic methods. The product supports role-based access management for data privacy and access control. It aligns with W3C-specified open standards for decentralized identity.

**Verifiable Credentials**: The vendor claims that the product securely stores verifiable data in a machine-readable and cryptographically secure manner. It enables the issuance and presentation of verifiable credentials to support business processes. The product supports interoperability and data exchange between trusted parties. It promotes open standards and avoids vendor lock-in.

**Access Management**: The vendor offers configuration services for access control and privacy of data. They implement role-based access management (RBAC) and attribute-based access management (ABAC) for fine-grained control. The product ensures secure and controlled access to data within the trust ecosystem. It also supports compliance with data protection regulations and privacy requirements.

Avatier Identity Anywhere User Lifecycle Management

Avatier Identity Anywhere Password Management

Avatier Identity Anywhere Single Sign-On (SSO)

Avatier Identity Anywhere Access Governance

Avatier Identity Anywhere

OneLogin is an identity and access management (IAM) product from One Identity since the October 2021 acquisition, featuring single sign-on (SSO), multi-factor authentication, provisioning, cloud directory, and more.

Advanced (bundle)

Professional (bundle)

OneLogin by One Identity

Spherity Wallet

Identity Management (IdM) is essentially about creating, maintaining, and retiring individual enterprise accounts for IT security. Identity and Access Management (IAM) systems encompass this but also provide a framework that goes beyond digital identities to providing access to users in various roles in a relatively automated fashion for cost and efficiency, while yet presenting minimal risk to sensitive data or equipment, simultaneously creating an audit trail for lawful compliance. Depending on the implementation needed by the enterprise (i.e. who is logging in and to what largely determines this) these concerns can be somewhat, highly, or totally overlapping areas.

Making comparisons across suites of software and their vendors can be difficult as this apparently singular body of needs is  serviced by vendors in this area in a highly modular fashion who bridge gaps with strategic or technical partnerships and integrations.  But here "Identity Management" Software is defined as software which handles all or some of the tasks related to all of the above, which may be divided into:

-- Identity governance or provisioning (basically role management with workflow controls).

-- Access (authorization or restriction of access to certain information to certain persons across locations and systems).

 ...and the various methods of enabling rapid yet secure access like:

-- Single sign-on (SSO, describes the ability to login to the system once and only once, gaining access to all systems without need for logging in again via help from a server).

-- Multi-factor authentication (using multiple, independent components to gain access, a simple step to increase security, though at a cost of efficiency for each additional step).

-- Password management and self-help for password users.

-- Identity federation, related to SSO, access spanning system boundaries (e.g. cloud access).

-- Directory / User Repository Management for tracking of users with access, and

-- Security Analytics for auditing and compliance...

...and more. IAM software is most usually sold in a modular, configurable pieces-sold-separately fashion, where each module handles some but not all of these needs. Some of the strongest vendors in this area offer high specialization and strategic partnerships with other specializers while other established vendors, via both acquisitions and development, manage to cobble together comprehensive portfolios and subsume all the various needs under one grand suite of comprehensive IAM capabilities. Enterprises have gone both ways.


A later arriving area of identity management software that greatly up-prioritizes speed and ease of access over security is called by the vendors who specialize in it Customer Identity Management, which provides simple customer registration most often via Social Sign-On capability. This allows a user to instantaneously set up an account with a service provider merely by logging in via their preferred social network account; voila, the customer has (safe, limited) access, and the enterprise gains useful information about the potential customer in less than five seconds. While traditional Identity Management Systems offer the capability to do this, smaller vendors who specialize in customer access, with its high-efficiency / low-security demands, sometimes bundle the feature with other common marketing capabilities to leverage the instantly acquired customer data (e.g. email marketing, segmentation, landing pages, etc.), thus creating a (growing) niche of customer-facing identity management systems in the process.

Identity Management

Spherity

Identity management software manages information about the identity of software users and controls access to corporate resources

ID-Management Access Control

Authorization or restriction of access to information depending on role

ID Management Single-Sign On (SSO)

The ability to login to the system once, gaining access to all systems without the need for logging in again

Multi-Factor Authentication

Using multiple, independent components to gain access

Password Management

Self-help capabilities the help users recover forgotten passwords, etc.

Account Provisioning and De-provisioning

Capabilities for creating user accounts  based on roles, group memberships and business processes

ID Management Workflow Automation

Automated sequence of tasks to simplify processes

ID Risk Management

Identification, evaluation, and prioritization of risks with procedures to minimize, impacts of unplanned consequences

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Spherity Wallet

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What is Spherity Wallet?