Redbelly Network is an ecosystem which offers businesses secure, fast, predicable and reliable technology to tokenise assets in a compliant way. A vital part of participating in such an ecosystem is knowing who you’re transacting with. Users need to know that businesses are appropriately licensed to provide such a service, and businesses need to know that users are eligible for their product or service.
A native identity protocol, Receptor enables both users and businesses on Redbelly Network to prove claims about their identity in order to reduce counterparty risk and help ensure compliance in an on chain environment.
Receptor is built on a foundation of verifiable credentials, cryptographically signed pieces of digital information that can be used to represent the information found in physical credentials such as passports, drivers licences, and national identity documents (or any other arbitrary credential) in the digital world.