![]() A recent example – COVID-19 vaccination certificates – highlights this. Verifiable credentials and digital wallets offer a convenient, secure, and privacy-oriented alternative to current physical and digital identity management systems. Similar to physical credentials, individuals can store their verifiable credentials in a so-called digital wallet on their mobile phone, on another edge device, or in the cloud, and they can use verifiable credentials for identification, authentication, and authorization (Sporny et al. These familiar privileges inspired a new type of digital credential called a verifiable credential (VC). Individuals can choose where to store their physical credentials, and sometimes, they can decide to whom their credentials are disclosed. ![]() ![]() Public institutions and companies typically employ physical credentials (such as passports, social security cards, and employee badges) to identify individuals.
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