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
Web3 / DeFI projects
Become regulatory compliant as fast as possible, get an end-to-end PoC working in weeks not months
Tech innovators
Rapidly build PoC's to showcase your innovation, work with our growing list of ecosystem partners

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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Private credential storage
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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:
screen your credential
Verida Wallet

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.
Messaging protocol
Verida Message

A flexible decentralized messaging protocol

Leverage the Verida messaging protocol and innovate on how credentials are paid and shared. Alternatively use DIDComm and other emerging messaging approaches.
credentials screen

Interoperable VC infrastructure

We plan on supporting all the common VC formats and DID methods in the Wallet.
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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Adoption
inDAO
Integration of blockchain technology into everyday life
Zero Knowledge
zkPass
Protocol for Private Data based on MPC, ZKP, 3P-TLS
Adoption
Anima Protocol
A self-sovereign identity for instant identification on decentralized platforms, communities, and Web3 services of all kinds
Trust
Synaps
Synaps provides identity verification solutions
Zero Knowledge
Polygon ID
Polygon ID gives you the power to build trusted and secure relationships between users and dApps
Adoption
Nimblr
Nimblr is building a new technology for the insurance industry that allows communities and members to participate in the insurance process.
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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