📄️ Decentralized Identifiers (DID)
Motivation
📄️ Verifiable Credentials (VC)
Verifiable Credentials (W3C Verifiable Credentials), or VCs for short, are an open standard for digital, cryptographically verifiable credentials. They can be stored on digital devices, are digitally signed and can be verified cryptographically, which makes them tamper-proof. VCs work well with data privacy, which goes well with data regulations pushed by the European Union (GDPR) and some other countries.
📄️ Verifiable Presentations (VP)
Verifiable Presentations, or VPs for short, express data from one or more VCs and are packaged so that the authorship of the data is verifiable.
📄️ SSI Trust Model
SSI completely changes the paradigm of online data sharing and brings it closer to the physical world. There are three entities in the VC trust model:
📄️ Use Cases
All this sounds great, but what are the actual use cases of decentralized identity and SSI in web3 and other applications?