---
id: "kerione-the-economics-of-its-bits-digital-identity"
type: "talk"
type_label: "Talks and presentations"
title: "The Economics of Its & Bits: Digital Identity (Nonconformist Keynote slides)"
maintainer: "Samuel M. Smith"
authors:
  - "Samuel M. Smith"
date: "2020-07-02"
year: 2020
reading_level: "intro"
reading_level_label: "Introductory"
reading_level_meaning: "no prior knowledge of the suite"
evidence: "informative"
evidence_meaning: "an author's paper, deck, tutorial or post explaining the suite"
status: "quiet"
status_meaning: "no change in six to eighteen months; still correct"
access: "public"
access_meaning: "anyone with the link"
topics:
  - "theory"
  - "events"
roles:
  - "communications"
  - "business-development"
  - "researcher"
source_url: "https://github.com/SmithSamuelM/Papers/blob/master/presentations/NonconformistKeynoteWeb20200702.pdf"
source_license: null
source_license_note: null
found_on: "keri-one-resources"
kerisse_credit: false
abstract_license: "CC BY 4.0"
abstract_license_url: "https://creativecommons.org/licenses/by/4.0/"
abstract_attribution: "KSKB, the KERISuite Knowledge Base (https://kskb.dev/)"
last_checked: "2026-10-14"
kskb_url: "https://kskb.dev/cards/kerione-the-economics-of-its-bits-digital-identity/"
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kskb_record_url: "https://kskb.dev/data/kskb/resources/kerione-the-economics-of-its-bits-digital-identity"
kskb_markdown_url: "https://kskb.dev/export/cards/kerione-the-economics-of-its-bits-digital-identity.md"
---

# The Economics of Its & Bits: Digital Identity (Nonconformist Keynote slides)

Slides (46 pages) for Samuel M. Smith's keynote at the Nonconformist Innovation Summit, 2 July 2020, titled "The Economics of Its & Bits, Digital Identity: Freedom, Privacy, Control, Security". They trace value moving from physical goods to data, set out the mathematics of cooperative network-of-network effects, and argue that trust is a transferable transaction cost and that control of data starts with control of identifiers, citing KERI.

Labels: reading level Introductory; evidence informative (an author's paper, deck, tutorial or post explaining the suite).
Source: https://github.com/SmithSamuelM/Papers/blob/master/presentations/NonconformistKeynoteWeb20200702.pdf (license not recorded).
The abstract is KSKB's own text under Creative Commons Attribution 4.0 (CC BY 4.0), https://creativecommons.org/licenses/by/4.0/; credit KSKB, the KERISuite Knowledge Base (https://kskb.dev/).