How is the Revocation Registry Used?
Credential Registration: When a digital credential is issued, its validity status is registered in the revocation registry. If the credential is revoked or its validity ends, this information is updated in the registry.
Credential Verification: When a credential is used, the recipient can check its status from the revocation registry. The recipient can at any time later verify that the credential is still valid.
Credential Status Update: The credential issuer’s agent maintains the status of credentials in the revocation registry. New credentials are added, and revoked or expired credentials are marked as expired.
Functioning and technology of the Revocation Registry
The revocation registry provided by Findynet employs privacy-preserving Status List technology. This solution enables the verification of a credential’s status without disclosing the identity of the credential holder or the details of the credential itself. During the verification process, the focus remains solely on the credential’s validity, ensuring that neither the holder’s identity nor any other sensitive information is revealed.
Credential issuers have the flexibility to install the revocation registry in an environment of their choosing or to opt for it as a service offered by Findynet.
Within certain trust ecosystems, verifying the status of a credential may incur a fee. This approach helps distribute the value generated by digital credentials equitably among ecosystem participants. Verifiers benefit from streamlined processes and enhanced risk management, whereas credential issuers gain from the recognition and use of the authenticated information they provide.
Want to know more?
We are happy to tell you more about our revocation registry, its benefits for your business, and how it operates technically. Book a time for a discussion to hear more about our solution.