Verifiable credentials are one of the methods that is gaining popularity for thwarting account compromise attacks. The concept includes using digital credentials that follow an open standard. Using digital credentials that follow an open standard is the idea. These credentials frequently contain information and components from verified tangible artefacts like a driver’s license, passport, or their digital equivalents, such bank accounts.
Verifiable credentials are desirable because, unlike physical identifiers, they are much less susceptible to forgery and theft because of the usage of digital signatures. These digital credentials can be kept in a digital wallet on a PC or a smartphone, allowing trust to be built both within and between organizations.
Moreover, it has been swift in gaining popularity at a time when fraud, identity theft, and malware are on the rise. Additionally, when these digital artefacts are paired with a verifiable data registry, security safeguards are multiplied. Verifiable credentials also permit selective disclosure, which lets people choose to disclose only the information they need with a particular entity rather than all of their personal information.
This reduces the chance of identity theft and helps to protect critical information. We are listing some of the ad
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