Hyperledger Indy is a platform for decentralized identity and verifiable credentials. It includes Indy node, which is a permissioned blockchain node, and Indy SDK which provides APIs for issuing and verifying credentials. The Indy node uses a BFT consensus protocol and consists of Indy-plenum and Indy-node repositories. The Indy SDK includes wrappers for different programming languages and supports features like anonymous credentials, selective disclosure, and efficient revocation without using revocation lists.