Spherity Wallet

Spherity Wallet is a digital identity solution offered by Spherity GmbH. According to the vendor, it aims to establish trust in business ecosystems by enabling decentralized and verifiable credentials. The product streamlines the process of acquiring, issuing, and verifying digitized company certifications required for supply chains. It is designed to cater to small to large enterprises across various industries, including pharmaceuticals, financial institutions, supply chain and logistics, renewable energy, and government regulatory bodies.

Key Features

Enterprise Identity Wallet: According to the vendor, the product streamlines the process of acquiring, issuing, or verifying digitized company certifications needed for supply chains. It provides a secure and efficient way to manage and share verifiable company data within partner ecosystems. The wallet supports different DID methods and various credential formats, ensuring flexibility and interoperability. It also enables seamless integration with existing systems through secure APIs.

Digital Product Passport: The vendor claims that the product boosts compliance with regulatory requirements, such as the New EU Battery Regulation. It enables the creation of Digital Product Passports to assess the origin, authenticity, and life-cycle use of products throughout the supply chain. The passports facilitate tracking and assessments of products, supporting circular economy initiatives. The product adheres to open standards like Decentralized Identifiers and Verifiable Credentials for data interoperability.

CARO (Credentialing Service for US DSCSA Compliance): According to the vendor, CARO authenticates direct and indirect pharmaceutical Authorized Trading Partners in real-time. It ensures compliance with the US Drug Supply Chain Security Act (DSCSA) regulations. The product provides a compact app for secure and efficient credentialing processes. It enables real-time authentication of trading partners for enhanced supply chain security.

Supporting Services: The vendor offers support in setting up trust ecosystems in specific industries. They provide guidance in developing use cases and business process journeys. The vendor also assists in detailing technical standards, architecture, and trust frameworks for ecosystems. Additionally, they offer production-grade identity wallet cloud services for secure integration with existing IT systems.

Decentralized Identifiers: According to the vendor, the product provides unique, permanent, and verifiable decentralized identifiers as lifetime addresses. It enables secure and privacy-respecting storage of verifiable data through cryptographic methods. The product supports role-based access management for data privacy and access control. It aligns with W3C-specified open standards for decentralized identity.

Verifiable Credentials: The vendor claims that the product securely stores verifiable data in a machine-readable and cryptographically secure manner. It enables the issuance and presentation of verifiable credentials to support business processes. The product supports interoperability and data exchange between trusted parties. It promotes open standards and avoids vendor lock-in.

Access Management: The vendor offers configuration services for access control and privacy of data. They implement role-based access management (RBAC) and attribute-based access management (ABAC) for fine-grained control. The product ensures secure and controlled access to data within the trust ecosystem. It also supports compliance with data protection regulations and privacy requirements.