Verifiable credential allows your credential to prove the following properties:
Based on the philosophy of Self Sovereign Identity, it ensures authenticity verification of your certificates and gives you the control over your data while maintaining immutability and security to it's core.
We are building the new generation digital credentials, powered by blockchain technology, that is easily shareable and instantly verifiable anywhere in the world.
The World of Verifiable Credentials
According to W3C, “Verifiable credentials represent statements made by an issuer in a tamper-evident and privacy-respecting manner.”
Prevent misuse of credential with one - click revocation services
Make it hard to impersonate credentials with cryptographic signatures.
Share only what is relevant, leave out unnecessary details and minimalize data sharing
The solution to the ever-increasing forged certificates
Truly own your credentials, all data belongs to you & you only.
Your credentials can be instantly verified by anyone anywhere around the world
The problem of fake credentials in India
Project Overview : IIT Kanpur
“Engineering for Rs 75,000, Law Certificate for Rs 2 Lakh from a renowned university”. This is what a news channel published after their sting operation back in 2019.
Another similar fraud became viral in February 2021–Manav Bharti University (MBU) reportedly sold 36,000 fake degrees over 11 years for prices ranging from 100,000 to 300,000 rupees.
These headlines are common but it has a severe impact on our overall educational ecosystem
Revoke the credential in one click without caring about the original credential
Create a brand name, with only trusted and verifiable credentials circulating in the market
Break-free from the hassle of issuing, re-issuing and verifying the same credentials over and over again
Credentials in SSI ecosystem cannot be forged.
Verification of Holder
Data Privacy & security
Traditional digital document
Documents on Blockchain
Credentials on SSI
SSI Based Credentials : A Quick Comparison
Verification of issuer
Multi-credential proof allows you to combine various credentials to create a proof.
Digital documents which are not digitally signed are easily editable.
Document stored on blockchain cannot be forged.
Paper based documents can be easily forged.
No option to disclose selective information from credentials.
In-case of digitally signed documents, verification is one-click process.
Verification requires a lot of manual effort and it's not full-proof.
Document stored on blockchain – Privacy concerns as all the participating members will have file access
Selective attributes like name, DOB etc. can be shared.
Photo verification or linking with a second authentication method like biometrics.
Single point of failure as all data is stored by a single entity
Credentials are completely owned by the users.
Only hash stored on blockchain – Single point of failure as all data is stored by a single entity.
Who issued the credential
To whom was the credential issued
The credential is still valid
The credentials have not been tampered with
During it's 54th convocation in the year 2021, IIT Kanpur created history by becoming the first institute in India to issue digital degrees powered by blockchain technology.
This project was launched by our Honourable PM Shree Narendra Modi where he issued 1723 degrees to students graduating within Undergraduate, Masters, and PhD degree programs
In this digital era, the adoption of this technology is going to provide more value, independence and convenience to our students throughout their lives.