Verifiable Credentials offer a secure, privacy-conscious, and machine-verifiable way to express different types of credentials on the Internet, like driver’s licenses or university degrees. A verifiable credential refers to a collection of identity data obtained from a trusted source (issuer), which can be shared by an individual or an organization (owner) with any desired entity (verifier), using cryptographic operations underneath to make solution secure and tamper proof.
Microsoft Entra Verified ID is a managed service that offers verifiable credentials. Microsoft Entra Verified ID is based on open standards, and automates the verification process for identity credentials and facilitates privacy-protected interactions between organizations and users.
At Formula5, we want to make it easier for organizations to adopt this new technology, proven for the future identity data verification and exchange. With our Accelerator for Microsoft Entra Verified ID, organizations can quickly dive into decentralized identity world with Verifiable Credentials backed by the Microsoft Azure infrastructure.
Healthcare – Verified Patient
Use Verifiable Credentials to store patient’s profile information and to access medical data after presenting credential in the applications.
Insurance – Verified Agent
Verify the identity of the representative acting on behalf of the insurance company.
Human Resources – Verified Employee
Utilize Verifiable Credentials for the purpose of securely storing information pertaining to employees as well as contingent workers.
Car rental – Verified Driver
Verify drivers onsite, during the first visit, and let them rent cars faster in the future using Verifiable Credentials.
E-commerce – Verified Coupon
Digitize coupons using Verifiable Credentials, providing complimentary incentives and discounted access to customers.
Education – Verified Graduation
Store information about graduation and achieved certifications in form of Verifiable Credentials.
With our Accelerator for Microsoft Entra Verified ID, organizations can quickly dive into decentralized identity world with Verifiable Credentials backed by the Microsoft Azure infrastructure.
Our Entra Verified ID Accelerator provides:
To make it easier for you to discover the potential behind Verifiable Credentials and Microsoft Entra Verified ID, we created Formula5’s Formula Healthcare Demo Solution. Click the link and try it yourself! Register yourself (using Azure Active Directory B2C), then get Patient’s Verifiable Credential and use it to authenticate next time you visit patient’s portal. You can also use your existing LinkedIn or Google account to sign in. Watch video below to learn more:
Want to discuss my work or a challenge you’re facing? Leave your details and I’ll get back to you!