Summary
This chapter examined the usage of verified credentials and decentralized IdM, focusing on the advantages of privacy, security, and user control. It emphasized the significance of blockchain technology in allowing confidence and validity in digital credentials, as well as the possibility for quicker service access and increased online safety. The chapter also discussed user acceptance issues and current initiatives to standardize and secure verified credentials for wider usage. Overall, it provided a thorough overview of the revolutionary power of verified credentials in creating a more secure and privacy-conscious digital identity ecosystem.
In the next chapter, we will take a look at DID protocols and standards.