VC-DATA-MODEL-V2

VC Data Model v2 open data / decentralized identity standard.

Definition

VC Data Model v2 (Verifiable Credentials Data Model v2.0) is the updated W3C Recommendation published May 2024 by W3C Verifiable Credentials Working Group succeeding VC Data Model v1.1 (2022) stabilising + improving data model + serializations (JSON-LD + JSON + CBOR-LD) + securing mechanisms (Data Integrity Proofs + JOSE JWS + COSE) + status mechanisms (Status List + Bitstring Status List), foundational SSI + EU EUDI Wallet + multiple national digital identity initiatives implementation. Standard + framework specifications detail interoperability + identity + privacy + data sharing + open APIs + multi-stakeholder governance + ecosystem adoption industry verticals (banking + finance + health + insurance + energy) + alignment regulations EU PSD2 + GDPR + FAPI + UK Open Banking Standard + multiple national implementations 2010s-2024+.

Origin

W3C VC Data Model v1.0 published 2019 ; v1.1 published 2022 ; v2.0 published mai 2024 ; foundational EU EUDI Wallet 2026+.

Example in context

EU member state (e.g., Germany) issues citizens digital driving license as Verifiable Credential conforming to VC Data Model v2.0: credential serialized JSON-LD + signed Ed25519 Data Integrity Proof + status mechanism Bitstring Status List allowing revocation if license suspended ; citizen stores VC in EUDI Wallet + presents to authorities verification (police + car rental + multiple) showing driving entitlement without revealing other personal data.

Related terms

• DID v2 — complementary standard.