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For example, a driver’s license is a verifiable credential with claims that include driver’s license number, Name, Photo, Expiration Date, etc. Each is a claim from the driver’s license and can be used independently for proof without sharing the full license. Selective disclosure of identity information is known as zero-knowledge proof. Finally, any verifier or “relying party” can request proof of claims from a holder to complete a transaction.
Decentralized Identifier Benefits
About your MobyNet D-ID
About your MobyNet D-ID
To issue a credential, the issuer first writes a DID (decentralized Identifier), its definition, the schema of the verifiable credential, and its public key to the blockchain.
Next, the issuer issues a Verifiable Credential composed of claims that the holder can use to provide proof (a cryptographic verification of a claim).
For example, a driver’s license is a verifiable credential with claims that include driver’s license number, Name, Photo, Expiration Date, etc. Each is a claim from the driver’s license and can be used independently for proof without sharing the full license. Selective disclosure of identity information is known as zero-knowledge proof. Finally, any verifier or “relying party” can request proof of claims from a holder to complete a transaction.
Decentralized Identifier Benefits
Your MobyNet Verifiable Credentials (VC) includes:
1. They are private
2. The identity holder can choose what attributes of the VC to share
3. Enables Zero-Knowledge Proofs
4. The identity holder is always in control
5. They are tamper-proof through cryptography
6. They are verified anytime, anywhere
7. They are portable
