Shutdown of the Sovrin mainnet, How can Hovi help you migrate?

As a pioneer in the field of decentralized identification, Sovrin has promoted the idea of "Self-Sovereign Identity" (SSI) and created a community that has changed the way we consider data security, privacy, and digital identity. Through uniting ardent individuals, Sovrin established the foundation for a worldwide movement, igniting technological breakthroughs and promoting a global dialogue that has opened the door for laws such as the EU's eIDAS 2.0.

We feel sorrow next to the community that Sovrin helped build, especially in light of the recent announcement that it may close next year. We acknowledge that many ecosystems and projects are left looking for a new foundation as a result of this change. Whether they are moving from Sovrin, Hyperledger Indy, or other networks where future development, upgrades, and support are uncertain, we are dedicated to offering technical support to individuals in need of a new trust ecosystem. Our objective is to guarantee that these projects have a steady and encouraging future.

The End of Sovrin MainNet Operations and Impacts on Users

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The Sovrin Foundation has declared that it may stop operating its MainNet ledger by March 31, 2025, following seven years of pioneering decentralized identity management. This choice comes after a thorough assessment prompted by important issues affecting the network's long-term viability. Here, we examine the main factors that led to this choice and its implications for Sovrin users.

Impact on Users

• Service Disruption: Users who rely on Sovrin’s decentralized identity services may experience interruptions as operations wind down. This could affect their ability to Issue, Verify, and Revoke digital credentials through the Sovrin network.
• Transition to Alternatives: Users will need to start looking for alternative solutions for their identity needs. This transition might require time and resources to ensure that their identities and credentials are securely transferred to another platform.
• Data Security and Privacy: With the ending of Sovrin MainNet, users must ensure that their data and credentials remain secure. The Sovrin Foundation is committed to an orderly process, but users should proactively take measures to secure their data.

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How Hovi Can Support Sovrin Users in Migrating to a New Network

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As the Sovrin MainNet prepares for a potential shutdown, Hovi offers a robust solution to help Sovrin users transition seamlessly to an alternative decentralized identity infrastructure. With Hovi’s secure, scalable, and fully managed platform, users can maintain continuity in their identity management processes with minimal disruption. Here’s how Hovi can support Sovrin users:

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Access to Multiple Trust Ecosystems

Hovi gives you access to several trust ecosystems and can enable you to continue to operate their self-sovereign identity solution with one of several Anoncreds/Didcomm supported networks i.e Cheqd, Indicio or migrate to a completely new one i.e Privado.ID or OpenID. Hovi’s infrastructure includes compatibility with several wallets and zero-knowledge proofs, ensuring that you can smoothly migrate from and continue to run your operations regardless if you have native or aca-py based of your implementation.

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Effortless Tools for Digital Identity Transition

Hovi’s Studio supports smooth transition for your decentralized identity needs, allowing users to transition their verifiable credentials without complex technical setups. Hovi APIs simplify the migration, enabling Sovrin users to port, re-issue, verify, and reuse digital credentials, schemas, credential templates from Sovrin to other supported networks effortlessly. Hovi can also enable you to completely migrate to a ledgerless approach.

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Scalable Infrastructure

‍Built to scale with demand, Hovi’s platform provides a flexible solution suitable for both startups and larger enterprises. Sovrin users migrating to Hovi can leverage its managed infrastructure to seamlessly grow their digital identity use cases and scale alongside their system's growth.

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If you’ve been impacted by the Sovrin shutdown and are exploring migration options, we’re here to help. Schedule a meeting with us to discuss how Hovi can provide a smooth transition and support the growth of your digital identity initiatives. Let’s build a scalable solution together!

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