Trust Registry
Last updated
Was this helpful?
Last updated
Was this helpful?
Verifiable credentials have an advantage over physical documents, because they cannot be forged. However, there is still a fraud risk if a credential is issued by someone that has no authority to do so.
How can a verifier be sure that the credential came from an authorized issuer? And vice-versa, how can a credential holder know which verifiers are trustworthy and that it is okay to share their credentials with them? Trust registry is a solution to answer this problem.
A trust registry is an on-chain list of relationships between issuers and verifiers. It simplifies the process of identifying which issuers and verifiers are trustworthy within a particular ecosystem. These registries serve as secure repositories for identity information, leveraging blockchain technology to ensure its integrity and reliability.
Trust registries are governed by trust frameworks, a set of operating rules that participants of the ecosystem must follow.
Trust registry contains the following information:
Name of the Trust Registry and the Governance Framework
Ecosystem Administrator and Issuers DIDs, Organization Names, Logos and descriptions
A record associated with the SchemaID, which consists of a mapping from the Issuer DID to the verification prices and set of the Verifier DIDs
By having a trust registry, credential verifiers do not need to manage a list of valid issuers and holders know which verifiers they can trust to share their credentials with. They only need to trust one Ecosystem administrator. exemplifies the power of trust registries in creating a network of trusted digital identity issuers and verifiers.
