Within verifiable credentials, IDEMIA’s identity verification tools match the data against the system of records to provide an authoritative proof of identity for an individual. Because the digital information is verified by IDEMIA, the individual is protected by layers of security, and verification will take only minutes instead of days or weeks. IDEMIA is launching the service in the U.S. with plans to expand to additional markets.
Verifiable credentials are based on an open standard developed in the world wide web consortium (W3C) known as Verifiable Credentials Data Model 1.0. A verifiable credential that is represented as a JSON Web Token (JWT) has an expected structure. This standard makes it easy for credentials to be ‘portable’ across organizational boundaries. For example, a credential issued by a university can be verified by any employer, bank, or any other organization that accepts the same verifiable credential standard.