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

Private credential storage
Trust anchors for issuer trust
Interoperable implementation standards
On-chain bridging for smart contract interaction
Revocation systems
Tokenization for business model design

Verida Credentials capabilities

Through the Verida Credential incubator, get access to:
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

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 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.

Interoperable VC infrastructure

We plan on supporting all the common VC formats and DID methods in the Vault.
Our partners are actively participating and helping shape the standards that support verifiable credentials; DIF, DID, Verifiable Credentials.

Open source credential reference implementations

Projects can fork or contribute to, enabling
LET'S BUILD THE FUTURE TOGETHER!

Join us to connect the dots and accelerate adoption of credentials.

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

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Adoption

Ettle

Ettle is launching an Australian Dollar cash backed stablecoin (AUDE) that is fully banked and redeemable.

In Development
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.

In Development
Adoption

Debt DAO

Debt DAO is creating a decentralized, permissionless marketplace to buy, sell, underwrite and manage debt for the DeFi economy.

In Development
Trust

Verify My Signature

Verify My Signature directs customers to a provider of signature guarantees

In Development
Trust

FinClusive

FinClusive provides a low-cost, high compliance, fully integrated and blockchain-enabled digital banking, routing and payments platform.

In Development
Adoption

Nimble

Nimble is building a new technology for the insurance industry that allows communities and members to participate in the insurance process.

In Development
Payment

MAPay

MAPay is a decentralized payment network solution that provides increased security and lower transaction costs for the healthcare industry.‍

In Development

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

Thank you!

Your submission has been received! We'll get back to you soon.
Oops! Something went wrong while submitting the form.