European Bank Identity Credentials

Website

https://www.yes.com

Use bank-issued verifiable credentials to prove your identity when requesting and presenting your diploma.

ProjectID

ESSI_BOC2_53

Acronym

Eubic

Additional Info

The objective of this project is to extend existing (bank) identity providers with the capability to issue verifiable credentials asserting these bank-verified identities. This will allow graduated students to prove their identity when requesting their diploma. Subsequently, both credentials can be used in combination to prove the graduation and the identity of the holder.
The bank identity credential can certainly be used in other scenarios as well, such as onboarding with insurance websites, car sharing, vacation flat rental services, or age verification for gaming.
The project also aims at underpinning the service with a sustainable business model and suitable security level (e.g. the wallet�s key management). As a result, bank customers can enjoy the freedom of self-sovereignty while financial institutions will have an incentive and the security allowing them to contribute their tremendous reach of verified identity data to the European SSI ecosystem.

Enduser Relevance

The service makes it easy for users to obtain identification credentials and to identify themselves without revealing their metadata to identity providers.