As described in our first blog post about Project Mercury, the vision for Project Mercury is to build a suite of cloud-hosted services to enable companies to utilize verifiable credentials to improve their business. But why?
Business interactions are rooted in knowledge. Businesses need to know certain things about their users to provide their services. For example, an employer needs to know the social security numbers of their employees in order to report their salaries to the government; financial institutions are bound by regulation to know their clients to prevent money laundering; businesses need proof of licensure from their staff. But on the internet, how do you really know anything?
Credit: Peter Steiner, "On the Internet, nobody knows you're a dog." The New Yorker, 5.
July 1993. Bild: PeterSteiner/The New Yorker/The Cartoon Bank
Solving this problem is why we started RSA Project Mercury - to allow businesses to truly know their users. As businesses evolve and expand online to achieve global scale, their ability to know is limited. We trust, but we need a way to verify.
With verifiable credentials and RSA’s Project Mercury, businesses can finally verify what they need to know. It's now possible for users to collect (cryptographically) verifiable attestations about all aspects of their life, which they can then present to you to enable your workflow. Employees can present digital, verifiable, proof of their social security number; third-party vendors can provide attestations for active employees which can be used to grant access; customers can present claims which attest to their identity allowing financial institutions to achieve compliance with little to no effort; all of which can be instantaneously verified by RSA. Verification creates knowledge, and knowledge is power.
What do you need to know about your customers, your employees, or your third-party vendors? Which of your workflows could be transformed to be faster, more user-friendly, and more secure?
Leave a comment below to start a conversation with our team.