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Solved problems and key benefits

Problems solved by Truvity​

Truvity uses Self-Sovereign Identity (SSI) technologies to solve several key challenges in the B2B space. By combining decentralized systems, cryptographic methods, and lifecycle management tools, the platform helps organizations manage identities and credentials securely and efficiently.

  • Establishing trust and authenticity: Truvity leverages Decentralized Identifiers (DIDs) to authenticate both individuals and organizations. This registry verifies the legitimacy of participants without relying on central authorities.

  • Ensuring credential integrity: Truvity provides strong cryptography to protect credentials from tampering. With cryptographic services that support cryptosuites like Ed25519Signature2020 and EcdsaSecp256k1Signature2019, the platform ensures the authenticity and integrity of credentials.

  • Regulatory compliance: Truvity’s Data Validation Services make it easy to create credential schemas that comply with regulatory frameworks. Using standards like JSON Schema and supporting verifiable credential formats such as the W3C VC Data Model 2.0, the platform helps organizations meet global and local regulations effortlessly.

  • Streamlining credential processes: Truvity simplifies the issuance and verification of Verifiable Credentials (VCs) and Verifiable Presentations (VPs). With Verifiable Credential Services, organizations can link credentials, add supporting documents, and manage the entire credential lifecycle.

  • Securing credential exchanges: Truvity ensures secure and privacy-preserving credential exchanges using Credentials and Requests Exchange Services powered by DIDComm Messaging.

  • Automating complex workflows: Truvity allows businesses to automate processes workflows by providing easy integration options with APIs and SDKs, available in languages like Go, Java, Python, and TypeScript.

  • Supporting auditing and compliance: Truvity provides revision history tracking for key resources. This feature allows businesses to review changes made to these important assets over time, supporting audit trails and helping meet certain compliance requirements.

Benefits of Truvity​

The Truvity Platform offers significant benefits for organizations managing digital identities and verifiable credentials.

  • Enhanced trust and security: With decentralized identifiers, Truvity ensures that businesses can trust the identities of participants. Cryptosuites protect against fraud and impersonation, offering peace of mind when dealing with sensitive data.

  • Comprehensive credential management: Truvity simplifies the entire credential lifecycle, from creation to verification. Organizations can manage credentials with confidence, knowing that their integrity is safeguarded by advanced cryptographic methods.

  • Regulatory compliance: Truvity makes it simple to align credential schemas with various regulatory standards like AML/KYC regulations, GDPR, and ISO/IEC 18013-5:2021. This ensures that organizations can meet regulatory requirements with ease, reducing the risk of penalties and legal exposure.

  • Secure data exchange: The platform uses trusted standards like DIDComm Messaging to guarantee secure and privacy-focused exchanges of verifiable credentials.

  • Operational efficiency: Truvity’s APIs and SDKs streamline credential issuance and verification processes, eliminating time-consuming manual steps. With pre-built components and flexible integration options, businesses can deploy solutions faster and with fewer resources.

  • Cost savings and flexibility: By using Truvity’s pre-built SDKs and APIs, organizations save on development costs and time. Whether you need to integrate with existing systems or build custom solutions, Truvity offers the flexibility to meet various business needs without breaking the budget.

  • Improved compliance and transparency: The Truvity platform records all credential-related activities in immutable, append-only storage, ensuring transparency and accountability. This feature makes it easier to meet regulatory audit requirements and maintain a verifiable record of all interactions.