Citopia
Citopia
Citopia is a member-built and operated Web3 decentralized marketplace designed to facilitate interoperability between existing systems and data spaces for seamless and secure digital transactions.
Citopia is a member-owned and operated decentralized marketplace for cross-industry interoperability and business automation.
What is Citopia?
Citopia is a member-built and operated decentralized marketplace that transforms how organizations and individuals engage in secure digital transactions, enabling interoperable, privacy-preserving, and trusted data exchange across industries. Built on Self-Sovereign Data and Identity (SSI) principles, Citopia provides standardized communication protocols that serve as a shared language between data spaces, organizations, applications, and cloud environments.
In Citopia’s decentralized marketplace, every entity has a Self-Sovereign Digital Twin™ (SSDT™). Think of an SSDT™ as a secure digital lockbox containing pertinent World Wide Web Consortium (W3C) Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs). With SSDTs™, any entity can autonomously manage its own digital identity, data, and transactions to interact securely within the decentralized marketplace.
Citopia is composed of a federated network of node operators, known as Citopia Members, who provide governance and core infrastructure for the ecosystem. These members and their partners can onboard applications and services onto Citopia, forming a Web3 marketplace for verifiable and secure transactions. Learn more on the Citopia website
Why Citopia?
Fragmented, siloed data spaces and systems make digital transactions costly, inefficient, and vulnerable to security risks. Citopia solves these challenges by providing a decentralized, privacy-first framework that enables seamless, direct collaboration and communication between organizations using SSDTs™ without the need for additional infrastructure. Citopia Decentralized Marketplace (DM) serves as the communication interoperability interface for entities and applications on Citopia, enabling secure, direct coordination and data exchange between participants. Citopia capabilities have been demonstrated through several completed and ongoing Web3 pilots.
How Citopia DM Works
Citopia Decentralized Marketplace (DM) serves as a user-controlled marketplace of applications, allowing businesses and individuals to securely exchange trusted information with shared communication protocols. Think of it like a decentralized version of Atlassian. Unlike in centralized marketplaces, users can selectively disclose information to share only what is necessary for a given transaction, and transaction records are retained in users’ SSDTs™ (not by Citopia or the apps).
Transactions with SSDTs™
When an entity (organization or individual) registers a new Citopia DM account, this automatically generates an SSDT™ tied to the account. The SSDT™ powers secure transactions and data exchanges, consisting of two components:
- A Wallet that securely stores DIDs and cryptographic keys. DIDs are encrypted signatures for Web3 transactions.
- An Encrypted Data Vault (EDV) that stores VCs and Verifiable Presentations (VPs) for transactions. VCs and VPs are Web3 transactions.
SSDTs™ are the key enabler for interoperability. Think of an SSDT™ as a secure digital passport, containing all of the relevant credentials and key management tools. The contents of a given SSDT™ are not accessible to any external entity, including Citopia Inc., without the SSDT™ owner’s express permission.
Citopia DM facilitates countless interactions across industries, ensuring trustworthy, seamless, and privacy-preserving transactions. Whether verifying the provenance of materials, confirming digital asset authenticity, or ensuring regulatory compliance, Citopia empowers entities to securely exchange verified information without compromising data ownership. This innovative model creates a transparent, efficient, and resilient Web3 ecosystem.