Polygon, a layer-2 scaling protocol for Ethereum, has launched a zero-knowledge decentralized id solutionto the general public almost a 12 months after asserting its improvement.
The Polygon ID service makes use of zero-knowledge proofs (ZK proofs) that use cryptographic techniques to permit customers to confirm their id on-line with out having their delicate data handed or doubtlessly saved with a 3rd social gathering.
Polygon Labs publicly released Polygon ID on March 1, virtually 12 months after the mission was officially launched in a closed-source environment.
The Polygon workforce says Polygon ID was constructed to “remedy the problem of digital belief.”
ZERO KNOWLEDGE IDENTITY FOR WEB3
The Polygon ID workforce is worked up to announce 4 instruments have been launched within the #PolygonID Identification Infrastructure to construct a extra equitable web that locations id on the heart of it.
The long run is self-sovereign⛓https://t.co/h66KyDurJE pic.twitter.com/jTBbzBNVJk
— Polygon (@0xPolygon) March 1, 2023
“What units Polygon ID other than most different decentralized ID frameworks is its implementation of zero-knowledge know-how, permitting customers to confirm their identities or different credentials with out essentially revealing delicate data,” Polygon mentioned.
The general public launch introduces 4 new instruments to the Polygon ID toolset — Verifier SDK, Issuer Node, Pockets SDK and Pockets App — that may permit builders constructing on Polygon to combine id options into their functions.
Customers will have the ability to produce zero-knowledge proofs utilizing off-chain credentials — comparable to their passport, nationwide ID or a bachelor’s diploma — to work together with good contracts and confirm data on-chain.
“Which means that off-chain information can now be used for trustless on-chain verifications within the widely-supported Verified Credential format.”
Polygon claims it’s additionally the primary ZK-based digital ID software that permits customers to carry credentials domestically on handheld units comparable to smartphones, and that customers will now not want passwords:
“Passwordless logins change encrypted verifiable credentials by merely scanning a QR code or connecting to a desktop pockets. Organizations can profit from improved safety, a greater person expertise, and productiveness of their system directors whose time will not be taken up by password resets.”
The co-founder of Polygon ID, David Schwartz, mentioned in a March 1 tweet that the product was constructed “on the most recent decentralized id requirements” which can assist shield builders and customers towards unauthorized entry from third events.
Polygon ID’s ZK-based know-how allows builders to construct options to permit customers to retailer their private data privately and securely whereas giving them full management over who has entry to their information.
— David Schwartz (@davidsrz) March 1, 2023
“Offering id in a approach that the common shopper can use is the holy grail of digital ID adoption,” he defined in a separate press assertion.
Associated: Decentralized finance to be examined at inaugural CFTC tech advisory meeting
A number of initiatives have already dedicated to integrating Polygon ID upon launch, comparable to Web3 infrastructure supplier Kaleido, ID verification resolution Fractal and Web3 group administration system Collab.Land. Collectively they’ve a person base of over 4 million, in line with Polygon.
Different Web3 initiatives, comparable to metaverse platform The Sandbox and blockchain builder group Guild.xyz, are within the strategy of integrating Polygon ID too.
Following the information, the value of Polygon’s native token, MATIC (MATIC), elevated 2.5% from $1.22 to $1.25 in a matter of hours earlier than falling again to $1.23.
Different blockchain-based ID merchandise out within the house at the moment embrace Quadrata and IDNTTY.
