Principle 2: Recursive Applicability – Proofs Derived from Proofs
A particularly innovative feature is the KYCwallet’s recursive applicability. This means that verified credentials can be linked together and combined to form new, higher-value proofs. A simple example is an electronically verifiable power of attorney. To achieve this, several individually verifiable credentials must be provided - namely, at least two identities and the granted authorization.
This capability makes the KYCwallet a true building block for digital trust architectures. Complex compliance requirements, which today necessitate time-consuming manual processes, could in the future be handled in an automated, privacy-preserving, and user-controlled manner.
Principle 3: Dynamic Credentials in Real Time
Traditional digital credentials have a problem: They are static and can become outdated. An issued credential reflects the status at the time of issuance - not the current status. The KYCwallet also breaks free from this limitation.
It is capable of managing and providing dynamic credentials: documents that update automatically and always reflect the current status. Consider, for example, creditworthiness information, licenses, memberships, or regulatory status information - all of these are types of data that have previously been difficult to capture in standardized, machine-readable, self-sovereign credentials.
If you have any more questions, don't hesitate to contact us at supprt@kyc.ch.