Verifiable credentials are tamper-proof credentials that can be verified cryptographically on the blockchain while representing all the same information as a physical credential. VCs are doing for physical credentials what crypto has done for cash. There are three parties involved in verifiable credentials:
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Issuers. These create and transfer VCs to holders. VCs can be issued to represent milestones, accomplishments, and significant activities. Many of the projects we will get into function as issuers.
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Holders. Holders possess VCs in their wallets and present them to others. They can be an individual like you and me or an entity.
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Verifiers/relying parties. These receive the presented VCs from holders and rely on the credentials to grant access or process transactions.
