LF Decentralized Trust
27 Case Studies
A LF Decentralized Trust Case Study
The customer is the government of British Columbia, facing the challenge of excessive regulatory red tape that cost businesses billions annually and made processes like verifying a company's legal status slow and cumbersome. To address this, they initiated the Verifiable Organizations Network (VON) and worked with the vendor LF Decentralized Trust, utilizing the Hyperledger Indy framework to build a system for trusted digital credentials.
The solution involved developing and contributing to an open-source software stack based on Hyperledger Indy, leading to the creation of OrgBook BC. This online directory provides verifiable data for over half a million companies with 1.4 million credentials, reducing due diligence from hours to seconds. LF Decentralized Trust's technology enabled this scalable system, and their collaborative work extended Hyperledger Indy's capabilities, creating a reusable model for other governments to cut administrative burdens.
John Jordan
Product Lead