The oportunity
With the Business Wallet issuance service, the local government issues the business registration as a verifiable credential directly to the entrepreneur’s wallet. When applying abroad, the entrepreneur shares this credential instantly with the foreign authority, which can verify authenticity within seconds. No paperwork, no waiting. Just trusted, fraud-proof exchange of government-issued records that accelerates business and reduces administrative overhead.
Why Credenco
With the Business Wallet issuance service, the local government issues the business registration as a verifiable credential directly to the entrepreneur’s wallet. When applying abroad, the entrepreneur shares this credential instantly with the foreign authority, which can verify authenticity within seconds. No paperwork, no waiting. Just trusted, fraud-proof exchange of government-issued records that accelerates business and reduces administrative overhead.
Product and features
Business Wallet
The Issuance Service is a fully-configurable service in the Business Wallet that support the OpenID for Verifiable Credential Issuance specification.
Issuance Service
The Verify Service enables organizations to configure which credentials and attributes to receive from persons or organizations.
Verifiable Credentials
The Verify Service enables organizations to configure which credentials and attributes to receive from persons or organizations.
Compliance Standards
The Verify Service enables organizations to configure which credentials and attributes to receive from persons or organizations.
Data Sovereignty
The Verify Service enables organizations to configure which credentials and attributes to receive from persons or organizations.
A story from business registration
An entrepreneur wants to register a new business across borders in Europe. Today, this often means printing out official extracts, sending notarized copies by post, and waiting weeks for manual checks by different authorities. Each document can be tampered with, each step adds delay.
With the Business Wallet issuance service, the local government issues the business registration as a verifiable credential directly to the entrepreneur’s wallet. When applying abroad, the entrepreneur shares this credential instantly with the foreign authority, which can verify authenticity within seconds. No paperwork, no waiting – just trusted, fraud-proof exchange of government-issued records that accelerates business and reduces administrative overhead.
Benefits for all stakeholders
- Citizens get fewer forms to fill in, more control over their data, and a secure place in their digital wallet.
- Businesses and organizations benefit from faster digital onboarding, instant trust, and strong fraud prevention. Think of a sports club that instantly checks a trainer’s certificate, or a logistics company that onboards hundreds of drivers without weeks of waiting.
- Governments lower administrative costs, speed up service delivery, and build greater trust in digital public services.
Building a future-proof digital ecosystem
By adopting digital credential issuance, governments create the foundation for a scalable ecosystem. In the near future, diplomas, licenses, and permits can all be exchanged securely through the same Business Wallet infrastructure. It’s more than digitization: it’s governments leading the way in building trust in digital identity at scale.
By adopting digital credential issuance, governments create the foundation for a scalable ecosystem. In the near future, diplomas, licenses, and permits can all be exchanged securely through the same Business Wallet infrastructure. It’s more than digitization: it’s governments leading the way in building trust in digital identity at scale.