Verifiable Credentials
Utilizing Verifiable Credentials through HyperID
Verifiable Credentials play a crucial role in ensuring user privacy and enabling secure interactions in digital systems. By providing a trusted and tamper-proof mechanism for sharing and verifying credentials, users have control over their personal information and can selectively disclose only relevant data when needed. This empowers individuals to protect their privacy while still participating in various online services, identity verification processes, and data exchanges.
HyperID's implementation of the Verifiable Credentials concept in both Web2.0 and Web3 environments enhances user privacy and data security. Serving as an Issuer/Prover, HyperID enables users to demonstrate the authenticity and validity of their credentials to verifiers without exposing sensitive data. This functionality is accessible through the REST API for Web2.0 applications, while Prover smart contracts cater to the needs of various blockchains in the Web3 world.
HyperID utilizes zkProofs technology to enable users to securely share verifiable proofs of their credentials, ensuring confidentiality. This approach empowers users with greater control over their personal information and enhances data security in the credential verification process.
A distinguishing feature of HyperID's Verifiable Credentials (VC) implementation is the optional confirmation request through the HyperID Authenticator before verifying proofs provided by any service. This unique security measure adds an additional layer of protection by requiring user authorization through the HyperID Authenticator when a service requests validation of zkProofs shared by the user previosly. This ensures heightened security and user control over the verification process.
Verifiable Credentials offer users the ability to establish decentralized identity (DID), providing greater control over their personal information.
One practical example of Verifiable Credentials is when a user needs to prove that they are 21 years or older. Instead of disclosing their actual age, the user can share a zkProofs-based proof, which allows the service to verify that the user is indeed 21 years or older without revealing their exact age.
In addition, HyperID offers mechanisms that allow external services to utilize Verifiable Credentials through the HyperID platform, thereby enhancing the overall versatility and applicability of the HyperID ecosystem.