“Milagro envisions a world where we have a fleet of new service providers come on line that we called distributed trust authorities,” Spector said. Instead of certificate authorities that would digitally sign somebody’s public key, thereby stating that you are the owner of that digital certificate and hence the corresponding private key, you get shares, or fractions of a private key issued to you by these distributed trust authority providers. And the keys have your identity burned into them, so you don’t need to have a certificate.