Identity verification is a crucial process in the modern digital economy, and Validated ID has positioned itself as a leader in this field thanks to its VIDidentity solution. With the aim of ensuring the privacy, rights and freedoms of individuals, Validated ID seeks to promote a more digital and sustainable world through advanced self-sovereign digital identity technologies.
What is Identity Verification with Validated ID?
Validated ID, through its VIDidentity solution, offers a unified, interoperable and tamper-proof infrastructure for digital identity management. This platform enables the creation and management of self-sovereign digital identities (SSI) and decentralized credentials.
With a focus on privacy and security, VIDidentity structures information in the form of attributes, facilitating the integration and use of this data in automated services, ensuring that digital identities are auditable, traceable and instantly verifiable.
Validated ID's identity verification system allows individuals to have full control over their personal information, selecting what data they want to share and with whom. In addition, it complies with international regulations such as GDPR, eIDAS, PSD2 and anti-fraud policies, ensuring strict compliance in all identity verification operations, such as onboarding and KYC (Know Your Customer) procedures.
VIDidentity Products
The VIDidentity platform is made up of several products designed to cover different aspects of the credential lifecycle and digital identity management. These include:
VIDwallet
VIDwallet is a mobile application that allows end users to manage and store their personal information in the form of verifiable credentials. These credentials, which contain key user data, are fully controlled by the individual, reinforcing the principle of sovereignty over digital identity. The application allows for secure storage of identifiers and other personal data, facilitating their use in digital transactions and processes with complete security and control.
VIDcredentials
VIDcredentials manages the lifecycle of credentials, from creation to verification and eventual revocation. This system allows companies and users to generate digitally signed credentials, which can be verified quickly and securely at any time. This functionality not only speeds up verification processes, but also ensures the integrity and authenticity of data, minimizing the risk of fraud and errors.
VIDconnect
VIDconnect is a component that provides an OpenID Connect implementation for secure and standardized credential exchange. This system allows companies to easily integrate Validated ID's identity verification solution into their platforms, facilitating the secure exchange of credentials across different digital environments and platforms.
Thanks to its interoperability and compliance with open standards, VIDconnect fosters a digital ecosystem in which credentials and personal information can be shared securely and efficiently between users, companies and IoT systems.
Advantages of using Validated ID for identity verification
Validated ID's identity verification solution, VIDidentity, offers multiple advantages that benefit businesses, end users and technology systems alike. The main advantages of this platform are detailed below.
1. Fast and reliable
One of the most notable features of VIDidentity is its ability to offer instant identity verification. The platform's infrastructure allows credentials to be auditable and verifiable immediately, speeding up processes such as customer onboarding and KYC procedures. In addition, the system provides users with the ability to control what personal information they wish to share, increasing trust and transparency in every transaction.
2. Flexible and Agile
VIDidentity is not limited to operating within a specific environment, but is also compatible with other self-sovereign digital identity (SSI) solutions around the world. Thanks to its principle of open standards and interoperability, the platform simplifies the exchange of credentials between different systems, building a chain of trust that goes from the user's wallet to enterprise systems.
This flexibility makes it easier for companies to quickly integrate the solution into their operations, adapting to various needs and regulatory requirements.
3. Private and secure
Privacy and security are fundamental aspects of the VIDidentity platform. All business actions and processes are managed without exposing any personal data used to generate credentials. The applied technology ensures that there is no possibility of manipulation or unauthorized access to the stored information.
In addition, Validated ID complies with international regulations such as the GDPR and eIDAS, ensuring that credentials and personal information are handled ethically and securely at all times.
Regulatory compliance and use of advanced technology
One of the main concerns for companies when adopting identity verification solutions is compliance with international regulations. Validated ID complies with the main regulations in the field of data privacy and security, such as the General Data Protection Regulation (GDPR), eIDAS, PSD2, anti-money laundering (AML) policies, among others.
The platform also integrates advanced technologies such as blockchains and DLT (Distributed Ledger Technology), which provides an additional layer of security and traceability in verification processes.
These features make Validated ID a trusted provider for companies looking for secure and scalable solutions for managing digital identities, always guaranteeing regulatory compliance and the privacy of user data.
In a constantly evolving digital world, identity verification is an essential component to ensure security and privacy in digital transactions and processes. Validated ID, with its VIDidentity platform, offers a comprehensive solution that not only streamlines verification processes, but also ensures users' privacy and sovereignty over their personal data.
Thanks to its products such as VIDwallet, VIDcredentials and VIDconnect, companies can easily integrate this solution into their systems, benefiting from a reliable, agile infrastructure that is compliant with international regulations.
Optimizing identity verification with Validated ID allows organizations to ensure the trust of their customers, protect their data and operate in compliance with the strictest regulations, all while moving towards a more sustainable and secure digital environment.
