Select Identity Provider#
To confirm that a digital credential corresponds to a real-world identity, it must be verified by an Identity Provider (IDP). These providers act as the bridge between off-chain legal documents and on-chain verification. Concordium currently supports three primary IDPs: Digital Trust Solutions, Notabene, and Global FinReg. Choosing the correct IDP is essential to ensure your business remains compliant while providing a smooth onboarding experience for your users. While most IDPs offer the same central service, some do specialise in certain areas.
Key considerations for selection#
While all IDPs on the network perform basic identity assertions, they are not identical. Your choice should be guided by your specific regulatory and geographic needs.
Regulatory coverage: IDPs vary in terms of the jurisdictions and regulatory frameworks they support. An IDP that satisfies AML (Anti-Money Laundering) requirements in one region may not meet the specific Travel Rule or KYC (Know Your Customer) standards required in another.
Business requirements: You must ensure the IDP you select aligns with the legal obligations of your industry (e.g., MiCA in Europe or FinCEN regulations in the US).
Integration options#
When integrating Concordium’s Verify and Access solution, you have two primary ways to handle IDP selection:
Option 1: Universal acceptance
In this configuration, you allow any of the supported IDPs to verify the user.
When to use it: This is best for global applications where the primary goal is simple identity gating and you want to offer the user maximum flexibility.
Pro: Lower friction for the user, as they can use any IDP they have already registered with.
Option 2: Specified acceptance
You can programmatically specify a list of one or more accepted IDPs when requesting proof from a user.
When to use it: Use this when your business is bound by specific regulations that only certain IDPs satisfy.
Pro: Guarantees that every user interacting with your service meets your exact compliance threshold.
Con: If a user has verified their identity through an IDP you don’t support, they will be prompted to re-verify with one of your approved providers, creating additional friction.
Current Identity Providers#
Digital Trust Solutions: Offers general-purpose, high-assurance identity verification for broad use cases.
Notabene: Specialises in crypto-specific regulatory requirements, with a particular focus on the Travel Rule.
Global FinReg: Focused on financial regulatory compliance and meeting institutional standards.
Note: If none of the current IDPs meet your specific regulatory requirements, please contact Concordium directly to discuss the possibility of onboarding additional providers to the ecosystem.
