Key Project Drivers
Aigües de Barcelona, CaixaBank, Validated ID
The Project
Interoperable decentralized identity pilot project
Start4big, the first European multi-sector open innovation initiative promoted by Aigües de Barcelona, CaixaBank, Naturgy, SEAT, and Telefónica. 192 proposals were submitted, and Validated ID was among the 6 winners.
CaixaBank issues an account ownership credential used to proceed with the direct debit of the invoices of Aigües de Barcelona. Aigües de Barcelona gives a payment approval credential to obtain a better score when requesting a loan from CaixaBank. These are the two use cases tested during the pilot project.
The pilot phase has helped build an identity solution that enables the identification of a customer and the exchange of secure information between two companies. Interoperability between blockchain networks and sovereign digital identity standards has been successfully tested.
