Polygon launches web3 user IDs that keep personal details anonymous
Polygonlaunches a new solution for web 3.0 that could help users pass identity verification without revealing personal information
- Polygon ID is a digital privacy-focussed identity platform in development, based on zero-knowledge proof.
- It is expected to simplify authentication on upcoming blockchain-based Web3 platforms. The complete platform is expected to be ready in the third quarter of 2022.
AdvertisementIt is expected to simplify authentication on upcoming blockchain-based Web3 platforms. The complete platform is expected to be ready in the third quarter of 2022.
The Polygon network, a decentralized app (Dapp) layer for Ethereum, has announced that its “zero-knowledge” (ZK) digital identity platform called Polygon ID will be ready before this year ends. Polygon is working on the new ZK-proof identity solution, which will help users guard their privacy on blockchain-based Web3 platforms.
Polygon ID is expected to be used by organisations and businesses, for identity and trust management purposes, such as
This is a big one: We are announcing Polygon ID, the first ZK-based self-sovereign identity.Polygon aims to becom… https://t.co/y9YVhLCPtp— Mihailo Bjelic (@MihailoBjelic) 1648578779000
What could a Polygon ID based Web3 look like?
The term “zero-knowledge proof” refers to the cryptographic proof on a blockchain, that allows for verifying a person’s identity, without needing any documents or details. Such a facility could save time for users and satisfy government-mandated KYC verification norms.
Conceptually, this could be the blockchain-enabled OpenID equivalent to the upcoming Web3.
The upcoming Polygon ID however, claims to offer more privacy, when authenticating a user on a third-party service. According to their blog, Polygon ID could be one way to verify user claims when logging into Web3 services; such as identity, date of birth,
Today you need to individually create a login and upload KYC documents to each crypto service – an exchange, a game, an NFT marketplace, a DeFi facility, an auctioner or meeting service in a metaverse, and so on. Polygon ID broadly asks you to imagine a single login service that lets you login to your crypto exchange, verify your age on Web3 social media, prove ownership of an
Polygon ID claims some crypto-age benefits
- Private by default, meaning users choose when and what data is shared.
- Zero-knowledge protocols based on Iden3, for additional user privacy.
- On-chain verification, enabling scalability as usage grows to more decentralised apps and decentralised finance.
- Blockchain-based ID, enabling decentralised and “self-sovereign” principles, that put users in control of their personal data.
- Advanced privacy and app-access with appropriate anonymity.
- User interaction with services, without depending on an intermediary.
- User validation and attestation services, for DAO/DeFi/Web3 purposes.
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