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Traditional digital credentials have a problem: They are static and can become outdated.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.