Blockchain solution provider, Cardano Foundation has launched Veridian, an open-source digital identity platform for individuals and organizations. The foundation confirmed the development in a blog post on Thursday, stating that the platform was launched alongside its first product, Veridian Wallet.
Notably, Veridian platform is designed to put users in total control of their digital presence, delivering verifiable credentials and robust data security. It is worth noting that identity verification plays a crucial role in establishing trust across various sectors, including the financial sector, health care sector, supply chains sector, and the academics sector. However, despite being of core value, existing solutions have failed to provide adequate security and credential control, resulting in frequent data breaches.
According to the post, the Cardano Foundation designed the Veridian platform to address the difficulties associated with verification by empowering users with secure and decentralized identity management system. Unlike its counterparts, Veridian utilizes open protocols, including Key Event Receipt Infrastructure (KERI) decentralized identifiers, and Authentic Chained Data Container (ACDC) credentials to ensure authentic communications and verifiable identity protocols are easily accessible to everyone. The platform also has an optional trust layer on the Cardano blockchain.
Designed by experts in the field, Veridian also delivers reliable and scalable identity services, prioritizing data privacy. These features in turn allow individuals to establish absolute control over their identity from their mobile devices.
Furthermore, the Veridian platform when combined with Veridian Wallet enables users to safely and seamlessly manage their private keys, identifiers, and credentials from anywhere. The Veridian Wallet is also accessible to individuals and white-label partners seeking cutting-edge, end-to-end solutions tailored specifically to their business or industry needs.
Cardano Foundation highlights the features of Veridian Wallet
Cardano Foundation also listed the features of the Veridian Wallet, adding that more upgrades would roll out in the coming months. Some of the features include comprehensive control, post-quantum security, verifiable authenticity, global interoperability, full transparency, and cost-efficient scalability. In addition, the platform also offers the flexibility of independent deployment, enabling users to implement infrastructure for their specific needs.
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