Commit ff716e19 authored by Ralph Verhelst's avatar Ralph Verhelst
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Update README.md

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# Summary
Our SSI mandate service is a generic and holistic approach to provide and request mandates. Mandates are SSI credentials. The SSI Mandate service isssue a mandate on behalf of a provider for a holder (which becomes the "authorized representative"). These credentials can be used to prove to a verifier that the authorized representative is authorized to act for specific actions on behalf of the provider. The mandate credentials are stored in the wallet of the authorized representative as opposed to a central database in current systems. The provider can revoke this credential at any point in time if he/she no longer wants the authorized representative to act on their behalf by updating a revocation hash on the blockchain. The SSI mandate provides mandates completely peer to peer and isn’t limited to individuals only. A SSI wallet can also represent a device or institution, for example a company can use a SSI company wallet to authorize employees to access the building or use the company credit card up to a certain amount.
Our SSI mandate service is a generic and holistic approach to provide and request mandates. Mandates are SSI credentials. The SSI Mandate service issues a mandate on behalf of a provider for a holder (which becomes the "authorized representative"). These credentials can be used to prove to a verifier that the authorized representative is authorized to act for specific actions on behalf of the provider. The mandate credentials are stored in the wallet of the authorized representative as opposed to a central database in current systems. The provider can revoke this credential at any point in time if he/she no longer wants the authorized representative to act on their behalf by updating a revocation hash on the blockchain. The SSI mandate provides mandates completely peer to peer and isn’t limited to individuals only. A SSI wallet can also represent a device or institution, for example a company can use a SSI company wallet to authorize employees to access the building or use the company credit card up to a certain amount.
Overall, mandates can be used for 2 different purposes:
- To authorize someone to have acess to data of someone else.
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