In today’s interconnected world, the importance of digital credentials cannot be overstated. Digital credentials are portable, highly secure, digital proofs about a person, place or thing. They prove the identity of an organization, person or thing, and/or they prove information about an organization, person or thing.
They are pivotal in countering cybercrime and fraud, enhancing privacy protection, and advancing digital inclusion.
DTLab is at the forefront of this critical domain, specializing in accelerating the delivery and adoption of digital credentials.
A digital credential is a digital representation of information found in the digital credential’s physical counterpart – such as a government issued photo ID, a permit, proof that you are audit compliant, an employee badge, a financial statement, or a proof of business registration.
Digital credentials are cryptographically signed and verifiable. This means that when you verify a digital credential using verification technology, your verification technology can automatically tell whether any of the data contained in the credential has been tampered with and the technology confirms who the issuer is. This means that you can trust the data provided because you know who issued it and that it hasn’t been forged or tampered with since it was issued.
Digital credentials can limit what information is shared. So rather than your organization asking to see the whole credential, the whole driver’s licence, the whole permit, the whole business registration, your organization only needs to ask for the information that you need and the person or organization sharing the credential keeps the rest of their information private.
With digital credentials transactions are faster and easier to use. No need to manually vet emailed copies of IDs and other documents, or to ask for in-person visits for verification. You can do business and deliver services 24/7 so people can interact as it suits their schedule.
You can also better serve people who have a disproportionately difficult time doing business or accessing government services in-person, by phone or in regular work hours, for a litany of reasons:
Well designed online interactions supported by digital credentials open up a wide range of options for individuals with these types of barriers. They can now coordinate with friends and support structures when it works for them.