case study
Truvity Ledger. Building
the future of digital trust
Blockchain meets self-sovereign digital identity (SSI)
Truvity Ledger seeks to tap into SSI’s full potential by popularising the term globally, accelerating adoption through the critical mass of public and private sectors, as well as contributing to its practical implementation, eventually improving the ways human trust relationships are conveyed over a digital network – in other words, by strengthening “the trust triangle”.
As of today, Magnetic Core has delivered to Truvity Ledger a venture design for a new technological company and DLT product, and successfully combined it with Truvity’s general activities. Additionally, the Magnetic Core team researched architectural solutions for the platform, developed a visual style, and UX for website, as well as providing tools for governance.
Challenge
How to design a business around the DLT platform for identity management and how to ensure decentralisation from an engineering perspective.
Solution
A specialised blockchain infrastructure for SSI providers, enterprises and public sector bodies, including various types of consortias.
Driven by a commitment to making a difference, Truvity Ledger has embarked on a mission to evangelise self-sovereign identity to the tech industry and general public globally.
Principles
Modular structure
Blockchain secure time-stamping and logging will ensure that data is tamper-free, transparent, stamped and securely logged in blockchain. This allows for forensics, security audits and proof of GDPR compliance.
Interoperability
In order to provide future extensibility and flexibility, Truvity Ledger admits virtually arbitrary sets of smart contracts. The smart contract bytecode is executed on validator nodes inside a virtual machine fully compliant with Ethereum Virtual Machine (EVM) specifications.
Reliability
Truvity Ledger only uses up-to-date and standard cryptography (signatures and zero-knowledge proofs based on the standard elliptic curves, strong hash functions, and standard AES for symmetric encryption by default). Truvity Ledger chooses reliability over hype.
Extensibility
Truvity Ledger adds a layer for incorporating arbitrarily-complex logic on top of the infrastructure. This paves the way for interaction between private ledgers. It also provides virtually-unlimited extensibility of the platform without the need for full architecture redesign.
Multistakeholder Approach
Truvity Ledger employs a multi-stakeholder approach and tries to push decentralisation as far as possible with present-day knowledge
