A Framework for Online Document Verification Using Self-Sovereign Identity Technology

As the world is gradually moving towards digitization, forgery of vital digital documents has become relatively easy. Therefore, the need for efficient and secure verification and authentication practices of digital documents is also increasing. Self-sovereign identity (SSI) is a set of technologies that build on core concepts in identity management, blockchain technology, and cryptography. SSI enables entities to create fraud-proof verifiable credentials and instantly verify the authenticity of a digital credential. The online document verification solutions must deal with a myriad of issues in regard to privacy and security. Moreover, various challenging and tedious processes have made document verification overly complex and time-consuming which motivated us to conduct this research. This work presents a novel framework for online document verification based on SSI technology. The solution address the complexity and interoperability issues that are present in the current digital document verification systems. We look at a particular use case, i.e., document verification in online loan processing and evaluate how this proposed approach can make an impact on the existing system. Our solution based on SSI standards replaces the intermediary and enables trust between players in the ecosystem. The technology also holds the potential to make the system more efficient, interoperable, and privacy-preserving.