AnonCreds is a new Hyperledger project that enables privacy-enhanced verifiable credentials.
The technology itself is not new, as it was originally part of Hyperledger Indy, the digital identity ledger project. However, it has now been separated from Indy so that it can be used for verifiable credentials on ledgers such as Hyperledger Fabric or Ethereum-based Hyperledger Besu, or others.
The core concept that underpins AnonCreds, Indy and Project Aries is to enable users to share identity data with others, but only on a need-to-know basis. For example, in a bar, someone can prove they are of drinking age and perhaps share a picture tied to the credential without disclosing their name and address.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
