CREDENTIALS

An incubator to support innovation around credentials

Credential issuers
Start issuing credentials in Web3, have a pathway to ZK proofs, use our tech stack for end to end Pocs
Credential issuers
Start issuing credentials in Web3, have a pathway to ZK proofs, use our tech stack for end to end Pocs
Credential issuers
Start issuing credentials in Web3, have a pathway to ZK proofs, use our tech stack for end to end Pocs

Credentials Use Case introduction

Self-sovereignty is a key objective of Web3. “Not your keys, not your crypto” is a common mantra. Verifiable Credentials (a W3C standard) are a way to bring this self-sovereignty to your identity and build digital attestations about oneself in order to access products and services.

These attestations take the form of Verifiable Credentials (VCs) which involve a credential:Issuer, Holder and Verifier.

Some common use cases of credentials include:
KYC credentials that can be privately shared with a bank
KYC/AML credentials that can be shared with a regulatory compliant DeFi protocol
Government issued COVID-19 vaccination credentials
Credit score credentials enabling access to banking services from a financial organisation
Certified Verida Developer credentials to certify competence in the Verida framework

Challenges with credentials in web3

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Join the Verida Ecosystem
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Trust anchors for issuer trust
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Interoperable implementation standards
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On-chain bridging for smart contract interaction
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Revocation systems
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Tokenization for business model design

Verida Credentials Capabilities

Through the Verida Credential incubator, get access to:
Verida Vault app screen
Verida Vault

A powerful self-custody mobile wallet

Supports decentralized identity, messaging, credentials and crypto — a critical product to enable new business models that combine crypto and credentials.
Verida DbStore diagram
Verida DbStore

Private decentralized data storage

Enable holders to take self custody of their credentials. Store in regulatory compliant, private, encrypted databases on the Verida network.
Verida DbStore

Private decentralized data storage

Enable holders to take self custody of their credentials. Store in regulatory compliant, private, encrypted databases on the Verida network.

Interoperable VC infrastructure

We plan on supporting all the common VC formats and DID methods in the Vault.
We have our own for rapid PoC's today, but will expand that out in the future.

Roadmap

Our partners are pushing forward with the following innovations
2022
Verida DID method
Verida messaging
DIDComm
Common DID methods
Credential revocation
Credential payment model via tokens
On-chain Zero Knowledge Proofs

Partners are building

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Trust
Verify My Signature
Verify My Signature directs customers to a provider of signature guarantees
Adoption
Ettle
Ettle is launching an Australian Dollar cash backed stablecoin (AUDE) that is fully banked and redeemable.
Payment
MAPay
MAPay is a decentralized payment network solution that provides increased security and lower transaction costs for the healthcare industry.‍
Adoption
Nimble
Nimble is building a new technology for the insurance industry that allows communities and members to participate in the insurance process.
Adoption
Debt DAO
Debt DAO is creating a decentralized, permissionless marketplace to buy, sell, underwrite and manage debt for the DeFi economy.
Payment
cheqd
cheqd is a decentralised network for data ownership and value creation. We’re enabling individuals and organisations to take control of their data.
Trust
FinClusive
FinClusive provides a low-cost, high compliance, fully integrated and blockchain-enabled digital banking, routing and payments platform.

Build with us

Register your project, apply for the early adopter program and gain direct access to our developer success team and more!
Join the Verida Ecosystem
Priority access to mainnet
Developer previews
Community rewards
Token incentives
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