Decentralized Factoring for Self-Sovereign Identities

Invoice factoring is a handy tool for developing businesses that face liquidity problems. The main property system needs to fulfill prevent an invoice from being factored twice. Distributed ledger technology suitable implementing the platform register agreements and double-factoring. Several works have been proposed use this factoring. However, current proposals lack in one or several aspects, such as decentralization security against corruption, protecting business personally identifiable information (PII), providing non-repudiation handling disputes, Know-Your-Customer (KYC) compliance, easy user on-boarding, cost-efficient. In article, registration protocol based on public distributed which adheres aforementioned requirements. We include relayer our architecture address entry barrier users due need of managing cryptocurrencies interacting with ledger. Moreover, we leverage concept Verifiable Credentials (VCs) KYC allow parties implement their self-sovereign identities by using decentralized identifiers (DIDs). DIDs enable us relay DIDComm asynchronous secure off-chain communications. analyze compare it related work, study possible case. Our evaluations demonstrate proposal efficient, well covers requirements not addressed existing work.