Digital credentials and wallets

The issuers of digital credentials are the entities from whom you already receive credentials. When accessing services, you can decide which personal information you wish to share in each situation. Transactions proceed more swiftly when the service provider can immediately access the required information from your digital wallet. Additionally, you gain better visibility into which information different entities process about you and on what decisions concerning you are based.

The holder of a digital credential can be an individual or an organisation. The subject of the credential is not always the same as its holder. For example, your digital wallet can contain credentials related to your car, apartment, pet, or job. An organisation’s digital wallet might include credentials related to permits, certificates, obligations, and credit ratings.

For the verifier of the credential

The benefits for the verifier of a digital credential primarily relate to reduced manual work, expedited processes, and risk management. The information contained in a credential is in a structured, machine-processable format, so it can be directly processed by information systems without a person needing to read data from a document or scan a barcode from a plastic card. Additionally, the verification of the origin and authenticity of the information can be automated through the digital signature associated with the credential. The validity of the information contained in the credential can be verified against a revocation register, for example, on a weekly or monthly basis.

For the issuer of the credential

The information related to credentials is already largely digital in the systems of companies and organisations. Findynet assists organisations in taking the next step by issuing credentials directly from their systems into the customer’s digital wallet, from which they can directly share them with the entities of their choice.

When the customer themselves shares personal information, many administrative and technical processes are simplified. The issuing organisation does not need to verify the rights of all receiving entities to access the information, enter into bilateral agreements with them, or build and maintain direct integrations with their information systems. When information is transferred to its subject, they can decide on its further dissemination, reducing the issuer’s obligations. If necessary, a rulebook for the digital credentials ecosystem can be established, by agreeing to which, ecosystem members commit to principles governing the use of information. Read more about trust ecosystem governance.