The exchange of paper documents is slowly becoming a thing of the past.
Life is transferred into the digital sphere.
We can deal with more and more important issues related to bureaucracy via the Internet.
It is convenient because it saves time and there is no need to move out of the home.
Why storing credentials in a digital way is safer than the traditional way?
On the Internet, users deal with financial matters related to banking, they can take a loan online, meet new people, do a job interview, invest, learn, and much more.
However, advanced Internet activity means users have to create many profiles on various websites entering their personal data.
This is where the risk comes as managing all accounts, remembering passwords, and preventive password changes are difficult.
This exposes Internet users to identity theft.
This is because many websites do not have sufficient security on their websites and then personal data may leak.
Sometimes users also put themselves at risk by forgetting to log out or entering weak passwords or by logging in to suspicious sites that they do not trust.
If our personal data falls into the wrong hands, it can take a long time for dealing with the consequences of personal data theft.
Such thefts are aimed at financial gain for the identity thief.
Therefore, there is a dire need for trusted digital identity platforms.
Government agencies and private organizations look for this kind of solution to give citizens and individual clients the possibility of safe storage and verifications of personal data and credentials.
Why credentials stored on digital platforms are safe?
The usefulness of digital identity platforms is invaluable for governments, organizations, and their individual clients.
This solution gives a sense of security to its users.
Individuals sharing their data and organizations that want to verify it.
They can be sure that the data is reliable and secure.
The digital identity platform also allows to significantly reduce the scale of fraud and cyber-attacks.
Digital credentials are encrypted and kept confidential.
Allow for removal of ineffective and time-consuming manual processes related to the physical storage of data.
Above all, it also saves space, because there is no need to keep paper documents.
TrustGrid offers such solutions as digital credentials for governments and private organizations.
In an innovative digital ecosystem, digital credentials are based on a distributed identity ecosystem.
It means that verified digital identity can be used to support many different identity representations.
Thanks to TrustGrid solutions government agencies can offer digital identity programs for their citizens and private organizations can establish their digital identity ecosystems.
More about TrustGrid digital ecosystem and its solutions can be found here: https://trustgrid.com/digital-credentials/.
What credentials can be stored on a digital identity platform?
Digital credentials are of great use in everyday life.
Digital identity platforms can be stored and shared all personal and confidential data such as passports, ID cards, licenses like driving licenses, diplomas, health records, educational history, and much more.
Thanks to digital credentials, users of the digital id platform can submit applications to offices for the issuance of specific documents, e.g. medical certificates or documents from the tax office.
There is an opportunity to file a tax return, open a bank account, sign up for research, studies, get a loan or rent a car.
These are all activities that require proof of identity.
All these thanks to one platform.