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Device-Bound Anonymous Credentials With(out) Trusted Hardware (Friedrichs, Harding, Lehmann, Lysyanskaya 2025)

Summary

Formalises device binding for anonymous credentials, where a credential is tied to a secure element (SE) key and each presentation requires a fresh SE contribution. Identifies shortcomings in prior constructions — multiple SE calls, stateful SEs, or privacy that depends on SE honesty — which violate core SE design principles. Proposes new constructions compatible with BBS credentials that require only a single stateless SE call and whose privacy does not rely on SE honesty.