Identity and Credentials are core of part of the life in the Digital World, where we use mobile phone to prove who we are, and pay for the products and services
in day to day activities. We are now looking at the future, the future of Digital (Decentralised) Identity and Web3/SSI - Self-Sovereign Identity.
Your Digital Identity, issued by the Issuer such as Banks & Government Oranisation, would be stored securely inside of the Identity Wallet (INCRREDA.ID, Iphone app), the benefits of using the Identity Wallet are - you would leave your paper based identity documents behind and get yourself identified by Banks, Govt.,
and Institutions using the digital channels. Also, you would have the full control on your Personal Identifiable Information (PII), and share limited PII with the Verifiers, who wish to verify your Identity document, Certificate or other Credentials, and it can be achieved by using the new INCRREDA.ID Wallet.
INCRREDA has participated in European Blockchain Early Adopters Programme with its participating actors in
Europe - Spain (the Issuer of Digital Identification Credentials) and Romania (the Verifier of Digital Identification Credentials). We have demonstrated issuance of the Digital Credentials to the Holder (UEx University Student), who acquired the digital Education Identification Credentials using
INCRREDA.ID Wallet in home country, Spain and it was verified in Romania successfully.
In real life scenario, it is called cross country verification of credentials using The Trust Chain (European Blockchain) which writes into the immutable ledger, 'the Single Source of Truth'.
The Digital Identification Credentails of
holders are varified in another member state (country) that were issued in one member state (country) within Europe.
See the information, published on European Commission & Blockchain website (click here).
Of course, you would like to visit
the Director's profile (Mr. Ravindra Kumar) on European Blockchain Big Day Event Speakers list (click here).
Innovation is in fly... the Issuers and the Verifiers discover how to join the Innovation Journey and call themselves the first to adopt Digital (Decentralised) Identity for their services and businesses. Start the discovery, please contact us to be the Early Adopters.
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Discover more - at INCRREDA using 'P2P Electra' (the Solar Energy Trading Platform) and 'TradeElectra Wallet' (the Energy Trading Wallet), how we would help and support citizen and businessess to play their part of roles in Net Zero, following country specific Regulations on Solar/Green energy. |
'P2P Electra' Energy Trading Platform facilitates Energy Sellers (Prosumers) to put forward the proposal to sell solar energy
generated using their rooftop panel and Energy Buyers (Consumers), who wish to buy solar (green) energy, place bids
against the proposals. Of course, Energy Sellers and Energy Buyers are onboarded onto 'P2P Electra',
the Energy Trading Platform using the 'TradeElectra Wallet'. Both parties - Sellers and Buyers use 'TradeElectra Wallet' (the Energy Wallet)
and they
would go through the identification process with Bank, so that KYC (Know Your Customer) and Authentication steps
are completed securely before using 'TradeElectra Wallet'. The Wallet allows them to place the Bids, view energy transactions,
and money sent and received for transactions overnight, following the
Power Purchase Agreement created for the agreed Bid and
pre-signed agreement with us for money transactions using their Banks for energy sold and purchased.