Why Reusable ID?
Expand your market
Reusable ID isn’t just about expanding services; it’s about creating a whole new ecosystem of verifiers.
A new market of verifiers
As online fraud grows, various sectors not typically required to conduct formal identity checks are eager to verify customer identities in a reliable and low-friction way. By enabling organizations to issue ID credentials, ID providers will expand their market reach by generating demand for that high-quality, verified ID data from a new ecosystem of verifiers.
Monetizing Reusable ID
By pioneering the issuance and verification of reusable credentials, ID providers can unlock additional revenue streams. This strategic move elevates the bottom line and establishes these platforms as leaders in innovation.
Complementing, without disrupting
Integrating reusable ID technology is not about displacing current offerings but enriching them. It easily integrates with existing services, leading to additional revenue streams without disrupting the established business model.
Accelerate customer onboarding
Reusable identity makes the sign-up process easier, enabling customers to bypass repeated data entry and physical document collection processes to quickly verify their identity.
Faster sign-ups, higher conversions
Quicker onboarding reduces frustration and abandonment, leading to higher conversion rates and increased revenue.
Within and across merchants
Reusable ID breaks down barriers between external partners and companies but also within corporate groups. It enables subsidiaries of the same corporation, which typically conduct customer verifications separately, to exchange verified data securely.
A trusted ecosystem
By fostering a network of trust between issuers and verifiers, reusable identity enables customers to access services more rapidly than ever before, bypassing repeated data entry and document collection.
Embracing the future with eIDAS and mDLs
With the advent of digital ID wallets and documents, such as those supported by the electronic Identification, Authentication and Trust Services (eIDAS) framework and mobile driver's licenses (mDLs), identity verification is evolving rapidly from physical to digital.
Staying ahead with eIDAS and mDLs
As governments around the globe begin to issue digital documents to their citizens, stored securely in digital wallets, the need for ID providers to be at the forefront of this technology becomes imperative. Understanding how to verify these digital IDs—and potentially issuing them in collaboration with authorities—positions ID providers at the cutting edge of digital identity verification.
A shift to digital verification
The future of identity is digital, with customers increasingly managing their identities through digital wallets. This significant move away from physical documents means ID providers must evolve.
Competitive advantage
By aligning with evolving standards and market trends, ID providers position themselves at the forefront of digital identity evolution, ensuring a competitive advantage in a rapidly changing world.
Create your first Verifiable Credential today
Dock enables IDV providers and IAM systems to verify the same person across multiple businesses or siloed systems. It enables them to easily confirm that a user has been verified before, create a consistent view of that user’s identity and significantly reduce onboarding friction.
