Discover and read the best of Twitter Threads about #VerifiableCredentials

Most recents (10)

Alright, here's my tl;dr thread on the extremely bullish latest Partnerships meeting with the $CHEQ team.

If you don't know them yet, well done on finding this thread. They are a #cosmos project focused on #DigitalID, like #PolygonID or #worldcoin (but way less dystopian. Image
The recent meeting was held with Head of Partnerships Tobias Halloran and @OfMiklos - a $QNT legend who truly gets the $CHEQ value proposition.
@cheqd_io are a #DiD project focused on creating #TrustedDataMarkets - that is, creating a way to monetize the enforced changes being brought in by the EU's #eIDAS legislation.
The new model of #DigitalID mandates the use of data wallets in which users maintain their control. Image
Read 19 tweets
Here goes my attempt at being a threadoooor for @cheqd_io (ticker: $cheq). A 🧵

So what is #cheqd and why should it excite you?
It's become a commonly known truth that in the age of Web2 - WE are the product. Our data is held by companies the companies we interact with online, ostensibly for KYC purposes.

It's expensive to hold and keep secure and makes for crappy UX for users.
This data is often misused, sold or simply lost by the companies holding it, creating huge issues for users

Laughing man explains the struggles here:

Read 16 tweets
I had the occasion to speak about #nexera and #nexeraID in previous posts. In this post I will explain #NexeraID without using #NFT, #MetaNFT #ZKP or any #web3 word. Fasten your belt and be ready for an awesome journey:
1 - NexeraID: The digital passport and wallet that unlock seamless embedded compliance
2 - NexeraID is a #selfsovereignidentity issuance and verification platform that allows any institution to easily integrate complex compliance workflows, all while preserving the self-custody and security of consumers’ identity and assets.
Read 20 tweets
1/ Talk about #proofofreserves /liabilities/solvency as the solution to @FTX_Official misses the surrounding parts which could make crypto a viable alternative to the fiat system. Join as we journey through:

☑️ Quality of reserves
💸 Capital &💧liquidity
💰 Collateral

🧾 Transaction histories and 💳 Credit scores
% Fractional banking
🪙 New money creation

with a little bit of:

🆔 @w3c Verifiable Credentials #W3C

to build consumer protection and stop this happening again🛑. It's going to be a long one, strap in!

3/ Let's start with ☑️ Quality of Reserves. This is covered excellently by the @FT below so pulling out the key pieces from FTX 👇

#cryptosignals #ftxbankruptcy #ftxwithdrawal
Read 32 tweets
Trust Registries help answer the hard questions an ecosystem needs in order to create a whole experience.

a thread - and maybe some sacred cows are at play...

Where do the systems you want to work with go to get the answers to questions like

How do I know can trust

- this Issuer for that Credential?
- trust that Verifier?
- that Wallet App?

hint: that's the Trust Registry Specification v1.0 at the @TrustOverIP Foundation…

Read 42 tweets
We’re thrilled to launch the @veramolabs SDK for cheqd 🥳…

Our partners are now able to create and manage did:cheqd DIDs more easily, and for the first time on cheqd issue and verify #VerifiableCredentials (VCs) and Verifiable Presentation (VPs).

Having a readily available and transferable set of tools will help speed up adoption!

We knew our partners were eager to know “when will I be able to use the cheqd ledger for identity?” and now we’re happy to say “go have a play right now!”. 🔥

Following our research earlier in the year, we explored the development frameworks that our #SSI partners planned to utilise in future. The purpose of it was to determine a suitable toolset for our frens to get building on our network.

Read 11 tweets
🚀 🚀 🚀

We're pleased to announce a successful upgrade of the @cheqd_io test network which was completed with our new Interactive Installer

This upgrade of our testnet (mainnet to follow) is the first step in bringing a huge amount more utility to the @cheqd_io network

The primary feature being introduced in this upgrade is our 'resources' module which enables users to anchor “resources” to the @cheqd_io network...

In self-sovereign identity (#SSI) ecosystems, “resources” are often required in tandem with @w3c #VerifiableCredentials, to provide supporting information or additional context to verifiers (recievers of credentials) receiving Verifiable Presentations.

Read 15 tweets
We’re excited to share that the @cheqd_io DID resolver is now publicly available on our @github.

We’re big fans of #OpenSourcing all that we can, and this is an exciting opportunity to share our work!…

But what does this mean?

Read on 🧵
A #DID (#DecentralisedIdentifier) is a unique identifier that doesn't require a centralised registration authority because it is registered with a distributed ledger technology or other form of registry.

This is known as a Verifiable Data Registry.
#DIDs are the cornerstone of #SSI and work closely with #VCs (#VerifiableCredentials)

Learn more in our example below which neatly uses James Bond's Aston Martin…
Read 10 tweets
#NFTs are good for #VerifiableCredentials (VCs) and #DecentralizedIdentifiers (DIDs)

🚨 Spoiler:
Join for the NFTs, stay for the VCs and DIDs

❓Why ...🧵
Non-Fungible Tokens (NFT), Verifiable Credentials (VC) and Decentralized Identifiers (DIDs) are emerging technical standards on which Identity and Reputation are being built on the Web.

… but standards are meaningless without adoption.
NFTs have gotten into the hands, pockets, wallets of way more people, way faster than any other credentialing technology… even #OpenBadges.

43 millions Open Badges issued in 2020
28.6 million wallets traded NFTs in 2021 alone.
Read 16 tweets
@OpenIDExchange Indeed we still need governance, at various nested levels. The world is full of "trust frameworks" (as every trust framework tutorial says at the very outset). The trick with digitising credentials is to minimise the introduction of new and novel governance. -/2
@OpenIDExchange So we should start with the way credentials are governed by their respective communities. The nursing profession for example credentials its members, with rules for what the credential means, how it's issued and relied upon. -/3 Image
@OpenIDExchange Communities of patients are governed separately, with different rule sets for enrolling into insurance programs, admitting them to clinics or registering them for treatments like vaccinations. -/4
Read 8 tweets

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