Interoperable Identity

This recipe allows users to seamlessly integrate identity solutions into a larger trustless process while maintaining auditability and compliance requirements.

Partners

• Innerworks: Validates initial user requests and provides user authentication.

• Trident3: Manages identity requirement verification between platforms.

• Privado ID: Provides secure credentialing and identity verification services.

• Space & Time: Coordinates the identity verification process and handles on-chain record keeping.

Example Use Case An IRA retirement provider project (ETZ) is using Privado ID to verify users credentials and wants to interact with Franklin Templeton’s (FT) Benji platform which uses its own credentialing process. In this instance a ETZ user initiates a request to use USDC from its IRA to purchase Benji.

Benefits

• Seamless integration between different identity verification systems

• Maintains regulatory compliance across platforms

• Provides complete audit trail of identity verification

• Enables secure cross-platform transactions

• Preserves user privacy while ensuring compliance

Sequence

1

ETZ user initiates request - (assume user balances are verified).

2

Innerworks validates that the request comes from a known user.

3

Innerworks sends that validation to SxT.

4

SxT triggers a request asking Trident3 for FT’s Identity Requirements.

5

Trident3 sends the FT requirements to SxT and SxT verifies it has received them.

6

SxT triggers a request for Privado ID to provide the required credentialing.

7

Privado ID sends the required credentials to Trident3.

8

Trident 3 sends the required credentials to FT.

9

A summary of all of these actions, along with the verifications is batched and put on chain.

10

The ETZ user can now purchase Benji.