Claims & Endorsements
Find out how to build trust around identities and assets.
- Claims are metadata that describe identities, assets, and accounts
- Endorsements from credible third-parties reinforce the validity of claims
Claim: any piece of metadata that asserts some fact related to:
- Asset types
- Unique assets
- An account holding quantitative assets
→ Example(s): iov42 identity Joe Bloggs claims that he:
- was born on the first of January, 2000;
- is a Swiss citizen;
- lives in Zürich; and
- works at iov42.
These claims are stored as a hash of the claim against his iov42 identity.
On their own, claims are not sufficient to build trust—an iov42 identity can make a claim about pretty much anything. A claim’s validity is proven through third-party endorsement.
Endorsement: a third-party, cryptographic signature that verifies the accuracy and authenticity of a claim .
The claim-endorsing process:
- 1.Claim is made by iov42 identity
- 2.Claim is signed by endorsing party
- 3.Signed claim is submitted to the iov42 network
- 4.Signed claim is validated by node operators during consensus
- 5.Claim and its related endorsement are added to the relevant identity, asset, or account