🎄✨ Wishing the EBSI fam a blockchain-infused holiday season!
🌐🎁 May 2024 bring you joy, laughter, and cherished moments!
We’ll see you around the #blockchain after the holidays. ⛄️
EBSI EU
The first EU-wide blockchain infrastructure to create trustworthy cross-border services, driven by the public sector.
👉🏽https://ec.europa.eu/digital-building-blocks/wikis/display/ebsi/
🌐📲In this new system for digitally sharing and verifying information, claims can be easily authenticated, while also giving users more privacy and control over the credentials they choose to share. If you’re already curious to know more about how VCs work, check out our EBSI Explained Verifiable Credentials series.
By sliding through the carousel you’ll find the real ‘costs’ we pay when we continue to rely on untrustworthy verification systems.
That’s where EBSI’s Verifiable Credentials Framework comes in! 💪
🌍 A world in need of Verifiable Credentials: Revealing the problem 🚨‼️
From documents like diplomas and licences to products or labels on food and beverage packaging, there are many claims in our world that need verifying every day. The problem is, the current verification processes can be lengthy and unreliable, resulting in false claims slipping through the cracks. This can lead to serious problems: counterfeit products, stolen or lost documents, falsified product labels, and more. 😬
Follow our captivating VC series in the next few weeks as we dive into how VCs work and how they’ll transform information sharing in the #DigitalEU 🌐
The #EuropeanBlockchain Services Infrastructure (EBSI) is playing a key role in the integration of VCs within the public sector. #EBSI establishes trusted registries—a shared data commons that integrates reputation information issued by governments and public institutions, paving the way for #governments to actively contribute to the development of the type of #Web3 services and ecosystems that support Verifiable Credentials.
Verifiable Credentials are digital credentials that enable secure and tamper-proof verification of an individual's identity, qualifications, and more. While blockchain is used in the verification process for #VCs, the VCs themselves are stored off-chain in digital wallets, giving users a high amount of privacy and control over their personal data while still providing trustworthy information.
🌍 Welcome to the world of Verifiable Credentials, where we empower ourselves with the ability to securely prove who we are and what we've achieved. 🥳
This is because in the form of physical credentials, these kinds of documents can be pretty easy to fake. As a result, just trying to obtain or prove basic information about yourself can involve administrative nightmares and lengthy wait times. For example, if a potential employer were in doubt about the authenticity of your diploma, they would need to contact the university to confirm that they indeed issued it. ✅
What if we told you that many of these issues could be solved soon? 🤔
🔎 Unlocking #VerifiableCredentials: A Series 🌐🔒
As people, we tend to collect things - papers and documents - that prove our achievements. In other words, our credentials. This could be anything from our bachelor’s degree diploma to our licence to work in a specific field. Currently, many of us need to show these kinds of important credentials in our day-to-day lives, but obtaining or verifying them can be quite challenging. 😬
🚀 Calling on developers to help us shape the future of Selective Disclosure 👩💻
How can we share our #VerifiableCredentials without revealing more information than we want or need to? Our second EBSI Improvement Proposal (#EBIP) addresses this topic – and recognises the immense potential of #SelectiveDisclosure to provide users with more control over their VCs.
Click the link below to read more and learn how you can collaborate with #EBSI to improve the future of #Web3. 🌐
https://ec.europa.eu/digital-building-blocks/wikis/display/EBSI/Selective+Disclosure%3A+An+EBSI+Improvement+Proposal/?pk_source=mastodon&pk_medium=social_media_organic&pk_campaign=EBIP_2
🔔 Don't miss us at the European Blockchain Convention today in Barcelona! Joao Rodrigues Frade will be presenting on EBSI during the 'Innovation in Web3 from a Public and Private Perspective' session starting at 12:45. See you there? 🙌
✨ Having information shared from Digital Wallets, without contacting the issuer, makes revocation challenging. EBSI did a deep dive on the issue and produced a list of revocation strategies as well as a framework for choosing the right one for your digital credentials project (blockchain or not!).
💫 Help us shape EBSI’s future! 🚀
Introducing EBSI Improvement Proposals — also known as EBIPs. With EBIPs, you can give us your feedback and suggestions for changes, enhancements, or even new features for EBSI’s specs. We’re excited to see what you come up with as we work together toward a #DigitalEU. EBSI was born as a collaborative initiative, and we plan to always keep it that way. 💪
👀 Read the article to discover more about EBIPs!
This is why our new in-depth white paper outlines the complexities of credential revocation; and explores solutions that limit the need for communication between Issuers and Verifiers.
Check out Alen’s slides below if you want to learn more, or dive in and read the full whitepaper.
🌟🚀 EBSI takes the stage once again! 🗣️🎤
Alen Horvat, lead architect of EBSI, recently spoke at the ENISA & EID Trust Services Forum, about the challenges of choosing a revocation method for #W3C VCs.
Having information shared from Digital Wallets, without contacting the issuer, makes revocation challenging.
9.6/10 in a Smart Contract audit... not too shabby, EBSI! 💪
Blockchain Security Auditor Hacken said EBSI’s Smart Contracts passed their audit with flying colours! Read the article to find the full audit report and learn why the security of Smart Contracts is so important. 🔒
🤔 Interested in learning more about EU efforts to standardise and support Distributed Ledger Technology across Europe?
EBSI’s CTO, Jose Manuel Panizo Plaza, gave a presentation on exactly this in July 🥳
Watch his presentation and download the slides at the link below 🔗
📣 Big announcement! ✨
Some very exciting projects have received funding from the Digital Europe Programme (DEP) in the hopes of building a more #DigitalEU.
These projects help by:
Boosting EBSI cross-border services 🌍
Supporting EBSI’s node infrastructure 🌐
Developing pilots for the EU Digital Identity wallet 📲
Check out the article to learn more about the important work being done in this sector 👇
https://ec.europa.eu/digital-building-blocks/wikis/display/EBSI/DEP+grantees
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