Digital identity is a core element of digital commerce and will be central to implementation of the decentralized economy. The inherent qualities of blockchains including hashing, immutability, and transparency can be harnessed to provide a low friction, innovative, and portable solution to areas such as KYC/AML.

The topic of utilities in the capital markets has long been discussed and, indeed, implemented in order to minimize or mutualize cost.

However, traditional utility structures have always brought challenges including achieving a shared vision among the participants, business case, investment, and governance.

Here we explore the structural benefits of a public blockchain solution which may create a new model for a financial utility which offers governance, standards, financial incentives, and multijurisdictional compliance.