The DecCert PKI: A Solution to Decentralized Identity Attestation and Zooko’s Triangle

We propose DecCert, a decentralized public key infrastructure designed as a smart contract that solves the problem of identity attestation on public blockchains. Our system allows an individual to bind an identity to a public blockchain address. Once a claim of identity is made by an individual, other users can choose to verify the attested identity based on the evidence presented by an identity claim maker by staking cryptocurrency in the DecCert smart contract. Increasing levels of trust are naturally built based upon the amount staked and the duration the collateral is staked for. This mechanism replaces the usual utilization of digital signatures in a traditional hierarchical certificate authority model or the web of trust model to form a publicly verifiable decentralized stake of trust model. We also present a novel solution to the certificate revocation problem and implement our solution on the Ethereum blockchain. Further, we show that our design solves Zooko’s triangle as defined for public key infrastructure deployments.