Re: Verifiable Credentials use case questions

Hi there, not sure if you got any valuable responses to this question, and
I might not be the best person to answer, i’m working on a credentialing
and identity solution for doctors… And whenever people start talking about
NFT’s I say… “Well yeah… A doctors credential is an NFNTT - Nonfungible and
nontransferable token:)”



On Mon, Sep 27, 2021 at 4:36 AM Eric <e.garcia.ribera@gmail.com> wrote:

> Hello all,
>
> I would like to quickly explain the use case we are working on at the
> moment and ask a question we'll need to solve in order to start pushing the
> use case forward. Appreciate your time in advance.
>
> Our main goal was to use NFTs as a proof of ownership for physical
> objects. The real world object would be linked to NFTs, and the owners of
> those could sell or buy other NFTs in demand. Once we started developing
> the idea and a PoC, we quickly identified an issue with NFTs that could
> stop our progress. The issue was that the owner of a physical object
> (linked to an NFT) had no straightforward way of proving him/herself as the
> real owner.
> Imagine the scenario where person A just wants to prove person B is the
> owner of an NFT. Since the NFT owner is identified by an address, the owner
> would need to prove ownership by opening the wallet and show that the NFT
> owner's address it's him/hers. Doing this in the real world when you are in
> front of the verifier (person that wants to check you own a specific NFT)
> can be done by showing your wallet owns that address. However, doing this
> online, doesn't seem to be straightforward. Maybe I'm mistaken and there is
> an easy way of proving ownership. If this exists, I would really appreciate
> an explanation on that since I'm not aware of any.
>
> At this point, we discovered DIDs and Verifiable Credentials. When we read
> the standards we came to the conclusion that VCs could be used as NFTs,
> since these provide similar features (a DID could identify the creator of
> an object, and another DID, signed by the creator, could identify the
> created object. Later on, the creator could issue a VC to the first buyer,
> giving the buyer the ownership of the DID of the object). More importantly,
> we discovered that with VC, an owner of it can show very easily that he/she
> is actually the owner of it, making life easier for our use case. However,
> we had a question regarding this:
>
> - In the standard, we can see the possibility of transferring VCs. Based
> on the diagram of the standard (Figure 10 in
> https://www.w3.org/TR/vc-data-model/), it looks like the holder of a VC
> can transfer it to another holder without involving the issuer. Would this
> be possible somehow? This is crucial for our use case, since we want to
> decentralise as much as possible our solution. We wouldn't like any 3rd
> party or intermediary stopping the holder of a VC from selling it to
> another holder. Remember at this point that we see VCs as NFTs (maybe our
> assumption is wrong), that's why we would like to decentralise this.
>
> If transferring a VC from holder A to holder B is not possible without
> involving the issuer, do you think this could be done with a Smart
> Contract? I know this may not be the best forum to ask this, but we somehow
> visualise the idea of using a smart contract as the issuer of DIDs so that
> everybody could trust the issuer at any point.
>
> Thank you very much in advance. I would really appreciate your input on
> this :)
>
> Best regards,
> Eric
>
-- 
Leah Houston M.D.
President and Founding Partner
www.hpec.io
Humanitarian Physicians Empowerment Community
Humanitarian Physicians Empowerment Coin