Business Wallet
Current business processes are often still paper-based and inefficient, leading to almost 2 trillion in annual economic value lost from productivity and revenue.
The Credenco Business Wallet provides a secure, interoperable, cloud-based identity solution. It reduces administrative burden, improves regulatory compliance, and makes your business competitive again.
Features
Issuance Service
Create and issue trusted digital credentials directly into your partners' wallets. Define what gets attested — company registration, tax ID, or certifications — and deliver it in standards-compliant formats (OID4VCI).
Holder Service
Securely store and manage organizational credentials in your own portable vault. Share only the data a counterparty requires with privacy-preserving selective disclosure via OpenID for Verifiable Presentations.
Verification Service
Request and verify trusted credentials in real time. Validate cryptographic signatures and issuer trust against registered trust frameworks — without contacting the original issuer.
Additional Features
Besides these main features the Business Wallet also includes the following functions:
- eIDAS 2.0 compliant
- DIIP v5 conformant
- WE BUILD ITB verified
Deploy
On-premise & SAAS
The credential flow
Today, proving who you are or what you own means contacting the original issuer. Your bank has to confirm your account. Your employer has to verify your employment. Your university has to check your degree. Every time you need proof, someone has to look it up and respond. It's slow, it's expensive, and it creates bottlenecks everywhere.
The credential flow fixes this. Your bank issues a credential—a digitally signed statement about your account. You store it in your wallet. When a lender needs proof, you present it. They don't call the bank. They check the signature cryptographically. In seconds, not hours, they know it's real. The credential travels with you. The issuer's database is out of the loop. Speed, cost, and convenience all improve.
How it works in practice
Starting a company in the Netherlands today is like running an obstacle course. Visit a notary who draws up your deed. Send that deed to the KVK (Chamber of Commerce) to register your company. Wait for registration. Then visit the Belastingdienst (Tax Authority) with your KVK certificate to get a VAT number. Submit that to the Bank with your deed and KVK certificate to open a business account. Each organization asks for the same information in different formats. Each wants original documents or certified copies. Each takes days to process. The whole cycle takes six weeks.
The Business Wallet eliminates the administrative maze. You visit a notary once. They issue your company deed as a credential—digitally signed and stored in your wallet. The Business Registry reads that credential and instantly registers your company, issuing a registration credential. The Tax Authority reads the registration credential and immediately grants your VAT number. The bank reads both credentials, trusts them immediately, and opens your account the same day. One source document. Multiple readers. Instant trust. What took six weeks and dozens of bureaucratic steps now takes days and requires minimal human intervention.
