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Centre - a consortium founded by Circle Internet Financial, LLC, and Coinbase to serve as a standard setting body for blockchain-based financial services - announced Verite, a decentralized model for identity credential issuance, custody and verification.
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Verite is designed to give people and organizations direct control over how, when and where their personal information is shared when doing business in the crypto economy. Centre developed Verite as an open, shared set of protocols that can be easily integrated into the world’s leading blockchains, crypto wallets, web apps, mobile apps and smart contracts. Verite unites several identity standards to enable scalable, reliable, privacy-preserving ways to leverage identity and provide trust.
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