Digital Identity and Wallet Services

Global Public Registry for Digital Identities (DI)

Digital Identity and Wallet Services

Digital Identity and Wallet Services

Verity One Ltd. is at the forefront of digital identity management and financial security, leveraging Hyperledger Fabric, Indy, and multi-public networks. With the Verity One Token, we offer comprehensive certification and verification solutions for products and services, including nutrient credits and Halal certified products, using cutting-edge Web 3 technology with the ease and familiarity of Web 2.

Global Public Registry for Digital Identities (DI)

Verity One Ltd. utilizes a Global Public Registry for Digital Identities (DI) to ensure that digital identities are universally accessible and verifiable. This registry operates on a decentralized and distributed ledger system, providing several benefits:

  1. Decentralization: Maintained using blockchain technology, ensuring no single entity has control over the entire system.
  2. Interoperability: Enables seamless interaction between different identity systems, allowing identities registered on one platform to be recognized and trusted on another.
  3. Security and Privacy: Cryptographic techniques ensure the security and privacy of identities, giving individuals control over their own data.
  4. Discoverability: The registry makes it easy to find and verify digital identities, fostering trust and interaction in digital ecosystems.

Trust Anchor for Verifiable Credentials

Verity One Ltd. acts as a Trust Anchor for verifiable credentials, playing a critical role in ensuring the credibility and trustworthiness of issued credentials. This includes:

  1. Issuance of Credentials: Verity One Ltd. issues verifiable credentials for certifications, such as nutrient credits and Halal certified products, which are tamper-evident and cryptographically secure.
  2. Verification: Mechanisms to verify the authenticity of these credentials, ensuring they have not been altered or forged.
  3. Trust Framework: Establishing a trust framework that defines the rules and standards for credential issuance and verification, ensuring consistency and reliability.
  4. Decentralized Trust: Part of a decentralized network, distributing trust across multiple entities, reducing reliance on any single centralized authority.

Hyperledger Fabric and Indy for Data Security

Verity One Ltd. integrates Hyperledger Fabric and Indy to enhance data security and privacy:

  • Hyperledger Fabric: Provides a secure platform for private data transactions, ensuring sensitive information is protected while enabling robust data management.
  • Hyperledger Indy: Specializes in identity management and secure, decentralized identity solutions, ensuring user identities and credentials are protected and verifiable.

Multi-Public Networks for Monetization and AI/IoT Integration

Verity One Ltd. leverages multi-public networks for data monetization and integrates AI and IoT for advanced validation and security:

  1. Monetization: Multi-public networks facilitate the monetization of public data, creating new revenue streams for validated data and services.
  2. AI and IoT Integration: AI and IoT devices validate and secure data, ensuring the integrity and reliability of the information being processed and shared.

User ID for Independent Validators

Verity One Ltd. employs User IDs for independent validators who are responsible for validating and securing data:

  1. Independent Validators: Assigned unique User IDs to validate and secure data, ensuring transparency and accountability.
  2. Validation and Security: Validators ensure the accuracy and security of the data, which is essential for issuing Verity One certification seals.

Verity One Certification Seals

Verity One Certification Seals represent the highest standards of verification and trust:

  • Nutrient Credits: Verity One Ltd. issues and verifies digital credentials for nutrient credits, ensuring environmental impact claims are authentic and trustworthy.
  • Halal Certified Products: Certifies Halal products, issuing verifiable credentials that are registered on the Global Public Registry for Digital Identities, allowing easy verification of the Halal status of products.

Identity Services and Wallet Verification

Verity One Ltd. provides comprehensive identity services and wallet verification for both corporations and individuals, offering:

  • Identity Services: Prevent misdirection of assets, fraud, and unauthorized use of digital identities. Our services ensure that both corporate and individual digital identities are secure and properly managed.
  • Wallet Verification and Validation: Secure and validate blockchain wallets and assets, preventing unauthorized access and use.

Wallet Services for Users

Verity One Ltd. provides comprehensive wallet services to ensure ease of use and security:

  • Wallet Creation and Custody: Users can easily create and securely store their digital wallets with Verity One Ltd.
  • Wallet Recovery: We offer recovery services similar to traditional bank account recovery, ensuring users can regain access to their wallets with proper identification.
  • Encryption and Validation: All wallet data is encrypted and validated using advanced security protocols.
  • Multi-Signature Capability: Our wallets support multi-sig functionality for added security and control.

KYC (Know Your Customer) Integration

Verity One Ltd. integrates robust KYC (Know Your Customer) processes powered by Sumsub to enhance security and compliance:

  1. Identity Verification: Sumsub's KYC process ensures that user identities are thoroughly verified using various identification documents and biometric data.
  2. Fraud Prevention: Advanced algorithms detect and prevent fraudulent activities, ensuring that only legitimate users gain access to the system.
  3. Regulatory Compliance: Ensures compliance with global regulatory standards, safeguarding the platform from legal and financial risks.

Benefits and Web 3 Integration

  • Enhanced Security: Cryptographic methods ensure the security of both the registry and verifiable credentials, protecting against tampering and fraud.
  • User Control: Individuals and businesses manage their own identities and credentials without relying on a central authority.
  • Interoperability: Systems and platforms interact and recognize each other’s credentials, fostering a more connected and trustworthy digital ecosystem.
  • Web 3 Technology: Combines the advanced capabilities of Web 3 with the ease and familiarity of Web 2, providing a seamless user experience.

By implementing these advanced digital identity and credentialing solutions, Verity One Ltd. is setting new standards in the certification and verification of products and services, leveraging the Verity One Token to enhance trust and transparency across various industries.