March 28, 2024

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CaixaBank and Aigües de Barcelona Test Decentralized Digital Identity |  finance

CaixaBank and Aigües de Barcelona Test Decentralized Digital Identity | finance






The proof-of-concept, which is implemented using authenticated identifier startup technology, is based on the use of blockchain technology.

Demonstrate the feasibility of using digital identity in a decentralized way to give people control over their identity Facilitating safe user access to online services is the goal of their experiment CaixaBank The Aigües de Barcelona with certified ID technology.

Within the framework of the project, they created an identity solution that allows customer identification and secure information exchange between two companies. In addition, the companies indicated in a statement thanks to the initiative It was possible to test interoperability between different networks blockchain Sovereign Digital Identity Standards.

The project, which was implemented in a test environment without real users, simulated that CaixaBank, at the request of a fictitious user, issues account ownership credentials, and thus, these credentials are used to proceed with direct debiting of Aigües de Barcelona invoices. For its part, Aigües de Barcelona, ​​also at the request of a fictitious user, was able to issue a payment approval credit that allows it to get a better score when requesting a loan from CaixaBank. these; They explain, what are the two use cases tested during the experiment.

The start Verified Identity provided a sovereign identity platform designed to help users control their digital identity and exchange digital credentials.

paper blockchain

technology blockchain It allows users to securely manage their personal identity data, collect and save digital credentials, as well as choose what data they wish to share with third parties at any time. Specifically, to demonstrate this concept, CaixaBank issued verifiable credentials through the Dalyon ecosystem (a technology-based sovereign digital identity project). blockchain) in the network ester. For its part, Aigües de Barcelona . has used raised to issue credentials. With this, it was possible to test the interoperability of the solution in different networks in a way that is transparent to the end user.

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