Verifiable Credentials explained

Verifiable Credentials (VC) is an open standard developped by the European Commission to offer a new pattern for exchanging information that is distributed and decentralized, where blockchain acts as a single point of truth.
The objective is to help public administrations accelerate the creation of trustworthy cross border digital services.
Verifiable Credentials associate three concepts:
- Decentralized identifier (DID).
- Verifiable credentials lifecycle, which enables standardization and scalable implementation.
- Digital wallets, allowing user interactions exchanging digital credentials, where VC are supported on them.