Verifiable Credentials for IoT
Reduces risk of single-point-of-failure within authentication systems in comparison to traditional identity frameworks
Elevates identity interoperability between all stakeholders to an international standardized methodology
Reduces long-term integration costs
Identities trust-anchored on a state-of-the-art distributed ledger technology, the IOTA Tangle
Authentification and autorization without server-side storage of username / password combinations
Supports arbitrary, verifiable credentials and claims across nearly all domains
Most machines within plants and factories today need identities which are robust enough to be trusted outside the internal network -- a crucial factor for interconnected factories and sites, as well as cross-company collaboration. In order to provide a machine with an identity using certificates, one may utilize options like enabling PLCs to be equipped with a certificate or equipping hub-systems with certificates for each machine. However, the verification process only verifies if a certificate is valid, but not if the machine is truly the machine that should being using the certificate.
This Machine Identity Management Development Fund project has solved this challenge and provided a means to globally define an undisputable link between a machine and its machine identity across different sites, networks and businesses. With this integration, Venafi customers will be able to verify the authenticity of information, communication, as well as the validity of machine identities through the Verifiable Credentials.