Internet Computer Protocol (ICP) has introduced a new solution called Verified Credentials (VCs) to enhance privacy and control in the web3 space. This decentralized blockchain network aims to prevent public discourse manipulation on social media by eliminating bots and fake accounts through VCs.
Verified Credentials are secure digital representations of data like qualifications and achievements, allowing users to share their credentials with online service providers in a privacy-preserving manner. Built on ICP’s Internet Identity, these credentials offer a decentralized identity solution that runs on the blockchain, providing an authentication platform based on passkeys for added security against phishing attacks.
With ICP’s VCs, users can assign identity attributes to their Internet Identity, manage and reuse their credentials without applications linking the data back to them. They have the freedom to choose who they share their credentials with and control how much information they disclose. For example, users can verify their ages without revealing their name or date of birth, ensuring privacy while interacting online.
Jan Camenisch, CTO of the DFINITY Foundation, the developer behind ICP, stated that the new Verifiable Credentials feature of Internet Identity simplifies online privacy-preserving authentication. Users only need a computing device with a passkey and a browser to access this feature, making it convenient and secure for all users.
One of the key applications of VCs in ICP is the Proof of Unique Humanity (PoUH), implemented by the decentralized on-chain messaging app OpenChat. PoUH aims to ensure that humans have only one account on a platform by linking credentials to biometric data such as facial, finger, or palm print recognition. This feature addresses the issue of multiple user accounts and bots engaging in illicit behavior on both traditional and web3 social media platforms.
In addition to dApps on the Internet Computer, traditional systems can also integrate with Internet Identity and allow users to authenticate using Verifiable Credentials. This enables users to prove that they are real individuals, have completed KYC processes, or are above a certain age, enhancing security and trust in online interactions.
Overall, the introduction of Verified Credentials by Internet Computer Protocol marks a significant step towards enhancing privacy and control in the web3 space, offering users a secure and convenient way to manage their digital identities and credentials online.