Polygon, a layer-2 scaling protocol for Ethereum, has launched a zero-knowledge decentralized id solutionto the general public practically a 12 months after asserting its improvement.
The Polygon ID service makes use of zero-knowledge proofs (ZK proofs) that use cryptographic strategies to permit customers to confirm their id on-line with out having their delicate data handed or probably saved with a 3rd get together.
Polygon Labs publicly launched Polygon ID on March 1, nearly 12 months after the mission was formally launched in a closed-source atmosphere.
The Polygon staff says Polygon ID was constructed to “clear up the problem of digital belief.”
ZERO KNOWLEDGE IDENTITY FOR WEB3
The Polygon ID staff is worked up to announce 4 instruments have been launched within the #PolygonID Id Infrastructure to construct a extra equitable web that locations id on the middle of it.
The longer term 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 stated.
The general public launch introduces 4 new instruments to the Polygon ID toolset — Verifier SDK, Issuer Node, Pockets SDK and Pockets App — that may enable builders constructing on Polygon to combine id options into their functions.
Customers will be capable to produce zero-knowledge proofs utilizing off-chain credentials — reminiscent of 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 knowledge 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 reminiscent of smartphones, and that customers will not want passwords:
“Passwordless logins alternate encrypted verifiable credentials by merely scanning a QR code or connecting to a desktop pockets. Organizations can profit from improved safety, a greater consumer expertise, and productiveness of their system directors whose time shouldn’t be taken up by password resets.”
The co-founder of Polygon ID, David Schwartz, stated in a March 1 tweet that the product was constructed “on the most recent decentralized id requirements” which is able to assist defend builders and customers towards unauthorized entry from third events.
Polygon ID’s ZK-based know-how permits 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 knowledge.
— David Schwartz (@davidsrz) March 1, 2023
“Offering id in a manner that the common client can use is the holy grail of digital ID adoption,” he defined in a separate press assertion.
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A number of tasks have already dedicated to integrating Polygon ID upon launch, reminiscent of Web3 infrastructure supplier Kaleido, ID verification resolution Fractal and Web3 group administration system Collab.Land. Collectively they’ve a consumer base of over 4 million, in line with Polygon.
Different Web3 tasks, reminiscent of metaverse platform The Sandbox and blockchain builder group Guild.xyz, are within the means 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 area right now embrace Quadrata and IDNTTY.
