Hardware-based Identity

I've written before about how re-structuring identity is one of the most interesting opportunities on the web today. Today's identity ecosystem is account-based (accounts with Google, Facebook, Apple, etc), which perpetuates data silos and prevents interoperability & innovation.

As web3 and crypto become more widespread, there's an opportunity to shift to an identity model that's more about cryptographic signatures, which can be done directly by an individual without an account at any one company. The problem is, the user experience around this is still rough, and worse, there are some pretty extreme risks (lose your private key, lose everything, with no recourse).

So the big question is how to address the the opportunity and also solve for these hard challenges. It feels to me like an important approach is leveraging the concepts of multi-sig and hardware-based key-signing.

On hardware-based keys: the most powerful one out there today is the iPhone. ApplePay and sign-in with Apple are all about the hardware you hold (the phone) and using it to authenticate. It's secure and easy (amazingly so) -- no need to remember passwords, limited phishing vectors, etc. Problem is, it's totally locked up in Apple land.

Luckily there's a lot going on in the identity hardware space.

I use a Yubikey every day. It's still a geeky experience and not for everyone, but it's eye opening, and it builds on open standards like FIDO.

I was intrigued today to see the launch of Ryder, a wearable hardware wallet in watch form. A problem for me, though, is that I don't like wearing a watch. Just not comfortable and I don't want to do it.

I think rings are a really interesting form factor here. I just ordered an Oura Ring for sleep tracking (thanks Nadia) and am excited to try it. And Joel recently pointed me to the NFC Ring which lives in the payments (and identity) space.

Cards are also a big one. We use cryptographic key signing on cards every day (smart chips), but still only connected to existing payment systems. Projects like Keycard (thx again Joel) have the potential to open that up.

For hardware identity to really work (and to be safe), it also needs to be paired with some sort of multi-sig or multi-factor process. Project like Casa and Magic have been working out a lot of the details here and I think we're getting closer to really good user experiences.

In the end, I want to live in a world where using the web "just works" -- where fundamental activities like login and payments can feel like magic, but without perpetuating proprietary and siloed models.

The Beauty of Focus

It has been a stressful year, in so many ways.

This morning, I opened up my Calm app to attempt to resurrect my meditation habit. I have had an intermittent meditation practice for years, and despite the fact that it really seems to work for me, I have never developed a rock steady daily habit. (From a tools perspective, I find that when I'm in a good routine, I either use nothing and just do breathing, or use a simple app like Insight Timer, but when I've lost the groove I find it helpful to use tools like Calm or Simple Habit to get back into it.)

Anyway, for me, the big benefit of meditation is helping to get perspective on the constant stream of ruminating concerns flowing through my mind -- some of which are useful and necessary, but some of which are not. And the basic practice of focusing on what's happening here and now (breath, sensations, sounds) is incredibly powerful as a way to regain clarity.

Thinking about this this morning made me realize why I enjoy certain activities so much -- activities that have a natural focus to them and basically force you to detach from your running thoughts and focus on the present: listening to music, being at a baseball game, doing carpentry or other house projects, skiing, hiking, coding. Those are the ones that really do it for me, but of course you see it with gardening, drawing, reading, etc etc.

I'd like to think that this kind of focus-building isn't about ignoring the world, but rather about getting your mind to a place where you can actually be more effective in doing the things you need to do to have an impact (whether that's on your career, family, politics, community, etc).

It's funny and a little backwards (though not ironic) that finding ways to focus down and think less can actually help you do more, but I think it can and does.

Second Chance Studios

Several years ago, I started volunteering at Defy Ventures, a program that helps formerly incarcerated individuals start their own businesses.

Through Defy, I met an entrepreneur named Coss Marte, who beginning to build a personal fitness business called Coss Athletics. At first, it consisted of 1:1 and group sessions with Coss in parks, and has grown steadily since then. Now called ConBody, it features both a studio on the Lower East Side and a growing online business. Importantly, ConBody exclusively employs other formerly incarcerated individuals as trainers, and in addition to being a successful and growing business, the team members have a 0% recidivism rate.

(As an aside, I can personally testify that the ConBody workout is legit. I literally threw up halfway through my first class. Though it's debatable whether that says something about the workout or my baseline fitness going in.)

Today, Coss is launching a new initiative called Second Chance Studios. Second Chance Studios is a nonprofit video and audio production company that exclusively employs formerly incarcerated individuals in New York City. It will also serve as a job training and placement program focused on digital skills in audio and video production.

Second Chance is currently fundraising for its launch on Kickstarter and as of now is about $36k towards its $50k goal. You can back it on Kickstarter here and learn more from the video below. I'm proud to be a backer and am excited to see the project launch.

The Slow Hunch by Nick Grossman

Written by

Investing @ USV. Student of cities and the internet.

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