- November 6, 2019
- Posted by: Antreas Fanides
The Seventh EU-founded Project that Goldman is Participating as a partner in is the « EBSI enabled VErifiable Credentials & Trusted Organisations Registries». The consortium consists beyond our company, 51 more companies from 20 countries!
The Project started on the 1st of June 2023 and will end on the 31st of May 2025. The total budget for the Project is €9,000,000.
The Scope of the Project:
The EBSI-VECTOR (EBSI enabled Verifiable credentials and Trusted Organizations Registries) project brings the power of the self sovereign identity paradigm into the educational and social security context. 52 partners from 20 countries will transform the digital interaction of studying and working citizens in Europe and simplify some of the complex verification processes for organizations in a decentralized way. The consortium consolidates the current EBSI capabilities on verifiable credentials and trusted registries and extends it with new capabilities like the decentralized identity of legal persons or revocation functionality. The EBSI-VECTOR project is driven by business requirements and input from policy and business organizations from education and social security included in the project. Defining and executing the strategy for scaling up the EBSI capabilities and uptake in different countries with the many engaged educational and social security actors is an essential focus of the project. The creation of national coordination and support unites drives the extensive implementation effort in education and the piloting of social security. The project provides the necessary building blocks and tools for citizens and organizations to interact with each other via verifiable credentials and use the privacy friendly verification power of the EBSI decentralized trusted registries. The participation of different European solution providers in the project guarantees the stimulation and uptake of the EBSI conformant wallet ecosystem and market to enable citizens and organizations a broad choice of solutions beyond the reference implementations. The project actively collaborates as part of a more extensive ecosystem with many related European projects and initiatives like ESSPASS, EHIC, and EUROPASS. EBSI-VECTOR aligns with building blocks like EUeID or SDG to provide citizens and organizations with the best integrated and balanced solution for their digital interaction.