OpenID for Verifiable Credentials (OID4VC) is a set of protocols that enables issuance and presentation of verifiable credentials expressed in any format including but not limited to W3C vc-data-model and ISO/IEC 18013-5 mDL. The power of the protocols lies in its demonstrated simplicity, security, and the implementer's ability to make choices across the tech stack - not just for credential formats, but also entity identifiers, trust model, crypto suites, revocation mechanism, etc. However, this also means that to be interoperable and enable certain use-cases(s), implementers need to agree on the sets of choices across the tech stack, usually referred to as interoperability profiles.
In this talk, we will share implementation experience of OID4VC specifications, and introduce existing interoperability profiles based on OID4VC. Of course we will also provide updates to OID4VC specifications, how they have evolved from the last year based on an overwhelming amount of implementation feedback.
NFTicket is a protocol, which combines the identification power of cryptographic wallets with those of Decentralized Identifiers (DID). We will present that there is functional equivalence of Verifiable Credentials (anchored by a DID) and Non-fungible Tokens (NFTs, anchored by a wallet).
More that showing, we will be introducing a protocol which implements this, so that verified DIDs can issue “business facts”, such as: vouchers, tickets, membership passes, cerificates of ownership – in short anything which can be expressed by Verifiable Credentials.
NFTicket does a bidirectional translation of this VC to an enhanced ERC721 NFT, such that the DID of the holder and the owner wallet of the NFT correspond 1:1 are linked through did:ethr.
We will demonstrate the application of this protocol based on a pilot we have implemented for NRverse.io. The Verifiable Credential in this case being Renewable Energy Certificates which are used to decarbonize events with a measurable carbon footprint.
