The tide of centralized id verification is receding. In Web2, it’s usually characterised by customers surrendering their private knowledge to highly effective platforms, blind to the way it’s utilized, secured, or was revenue.
Nonetheless, Web3 is ushering in a brand new paradigm with revolutionary options like Ankr Confirm that not solely empower customers with management over their knowledge but additionally streamline compliance processes for Web3 tasks.
On this unique interview with Kev Silk, Senior Product Supervisor at Ankr, we dove into the intricacies of Ankr Confirm and the way it’s paving the way in which for a safer and user-centric way forward for Web3.
Are you able to inform us about your self and the way your journey with Ankr began?
Reply: I’ve been concerned with blockchain know-how since I stumbled upon the Bitcoin white paper in faculty. The idea of a decentralized foreign money intrigued me, but it surely was the underlying know-how that actually resonated. As our world turns into more and more digital, with most transactions taking place on-line, it was clear to me how blockchain may remodel crucial industries like finance, actual property and healthcare, but additionally revolutionize the essence of social contracts.
Kev Silk, Senior Product Supervisor at Ankr
My skilled profession started at Gartner. Whereas there, I gained insights into the enterprise advantages of blockchain. Nonetheless, the extra I discovered, the extra I desired I needed to transfer past analysis and into constructing inside the trade. I needed to be a part of the foundational layer of blockchain, working throughout numerous chains and contributing to the event of blockchain infrastructure, which introduced me to Ankr. It represented a chance to transition from the web2 world to the forefront of blockchain innovation.
In case you have been requested to explain Ankr shortly, what would you say that encapsulates what Ankr does?
Reply: To totally recognize Ankr’s function and the worth we carry to builders, it’s essential to know the core want in blockchain growth for reliable, high-quality endpoints and connections throughout numerous chains. That is exactly the place Ankr’s experience lies.
As a globally distributed blockchain infrastructure firm, Ankr is devoted to offering builders with an unmatched constructing expertise. Our quick and safe blockchain infrastructure is the muse that permits the creation of superior blockchain functions.
We stand as one of many largest suppliers of RPC node blockchain infrastructure, with our endpoints serving over 50 million distinctive IPs every month. Our platform helps greater than 45 EVM and non-EVM chains and presents a big selection of developer instruments, making us a complete useful resource within the blockchain house.
Central to our enterprise mannequin is the ANKR token, which features as the first technique of transaction for our prospects. Primarily, Ankr is not only a service supplier; we’re a dynamic hub of instruments for builders, taking part in an instrumental function in driving the expansion and evolution of the web3 trade.
Ankr just lately introduced the discharge of its latest product, “Ankr Confirm.” Are you able to share extra perception on it?
Reply: Ankr Confirm represents our newest innovation, a blockchain privateness authenticator software that merges conventional web2 KYC protocols with zero-knowledge consumer id verification. Put merely, Ankr Confirm empowers blockchain functions to determine particular entry insurance policies that customers should fulfill. These insurance policies can vary from fundamental standards like age and citizenship to extra nuanced, tailor-made necessities comparable to investor {qualifications}, instructional standing, particular certifications, and even proof of exercise inside the chain the appliance operates on.
The standout function of Ankr Confirm is its functionality to allow customers to show compliance with these insurance policies with out revealing extraneous private data. For instance, a consumer can verify they meet a minimal age requirement, say being over 18, with out having to reveal their actual age to the blockchain utility they want to entry. This methodology prioritizes privateness and safety, permitting customers to interact with blockchain functions whereas retaining management over their private knowledge.
How does Ankr confirm work?
Reply: Ankr Confirm features by means of two distinct system flows, catering to each blockchain functions and customers.
For Blockchain functions:
- Apps entry the Ankr Confirm dashboard utilizing their pockets.
- They fill out a type with important details about themselves, comparable to identify and URL.
- Apps then set up particular KYC/AML necessities for his or her customers by creating a number of insurance policies.]
- They specify which insurance policies apply to which blockchain networks.
- The Ankr Confirm dashboard calculates a periodic price for these providers.
- Apps fulfil this price periodically by means of deposits.
- As soon as this setup is full, apps are able to onboard their customers.
For customers:
- Shoppers start by making a Digital Id (DID) by means of Synaps.
- On the Synaps UI, they hyperlink their pockets tackle.
- They enter private data usually required in conventional Web2 KYC protocols, like identify, gender, age, and citizenship.
- This course of creates their DID, linked to their pockets tackle, with the digital id’s state saved on a wise contract managed by Synaps.
- With their DID established, customers can log into the Ankr Confirm dashboard utilizing their pockets tackle, the place they’ll view all credentials forming their present DID state.
- To show compliance with a particular app or chain coverage, customers submit a “proof request” through the Ankr Confirm Server. For instance:
- If an utility requires customers to be over 18, customers can submit a proof request verifying their age.
- Ankr Confirm Servers then confirm this proof and validate the general public inputs by means of Synaps’ sensible contract.
- Upon profitable verification and validation, the proof is recorded on IPFS for public verifiability, and the account tackle, coverage ID, and CID of the proof are logged on-chain.
- As soon as a pockets tackle has verified a particular coverage for one utility, it doesn’t must repeat this course of for a similar coverage.
What function does digital id and authentication play within the Web3 ecosystem
Reply: Digital id and authentication are foundational Within the Web3 ecosystem. With the fixed use of telephones and laptops for web entry, our world more and more shifts on-line. Within the Web2 atmosphere, each on-line motion contributes to a number of digital profiles. Every platform we work together with compiles its personal set of knowledge factors, leading to every particular person having a number of distinct digital profiles. These are managed and sometimes monetized by the respective platforms, resulting in a fragmented and externally-managed digital id panorama.
A big shortcoming of the present Web2 atmosphere is the way it fragments and externalizes management over these digital profiles. Our knowledge factors, unfold throughout numerous platforms, are used and monetized by these entities. This ends in people having a number of digital profiles, every managed and exploited by totally different platforms for revenue.
In distinction, take into account the bodily world, the place every individual has one id that they personally management and handle. Web3 seeks to reflect this within the digital realm, empowering customers with a consolidated digital id that they absolutely management. This digital id isn’t managed by any specific platform. As an alternative, it belongs to the person, empowering them with full authority over knowledge entry and utilization.
Authentication is essential because it ensures that people can confirm their id and entry providers whereas sustaining management over their private data. Ankr Confirm performs a significant function on this course of. It presents a safe, clear, and tamper-proof methodology for customers to handle their digital identities. Subsequently, Ankr Confirm not solely enhances consumer privateness and utility safety but additionally empowers customers with full management over their digital identities, reshaping our interplay and administration of our digital presence.
It’s usually mentioned that Web3 mass adoption could not occur except we make the house safer. What’s your opinion on this?
Reply: I’d agree that security is essential in Web3, and it’s a time period that encompasses a number of very important areas.
Firstly, there’s the necessity to shield customers from apparent risks like hacks or misleading schemes comparable to rug pulls. To handle this, we developed Ankr Confirm, a software particularly designed to boost consumer security and construct belief within the blockchain atmosphere. It’s crafted to defend customers from these dangers, making certain a safer and extra dependable expertise.
Nonetheless, security in Web3 extends past simply shielding towards exterior threats. A big problem with the present web, Web2, revolves round how corporations use and monetize consumer knowledge. Web3 guarantees to vary this dynamic, providing a framework the place customers have management over their private data. However with larger management comes larger duty. Ankr Confirm steps in right here, easing this duty whereas preserving consumer management. The product allows customers to adjust to needed blockchain utility entry necessities with out giving up data that isn’t related to the coverage, making certain they don’t must sacrifice private particulars for participation.
One other facet of security is defending blockchain functions from malicious customers. With Web3 granting extra freedom to customers, it additionally poses challenges for blockchain functions in defending themselves. Ankr Confirm allows these functions to determine sturdy insurance policies which shield them and guarantee solely professional, moral customers are on the platform.
Lastly, the significance of regulatory compliance is paramount. For Web3 to realize broad acceptance, blockchain builders should adjust to authorized necessities like KYC and AML, which differ based mostly on their operational jurisdictions. Ankr Confirm is tailor-made to simplify this compliance course of, aiding blockchain functions in effectively assembly these regulatory wants. This not solely ensures a safer Web3 ecosystem but additionally fosters a extra compliant and reliable atmosphere for all customers.
For privateness causes, some DeFi customers are likely to oppose KYC. How does Ankr Confirm the stability between privateness and compliance?
There’ll all the time be DeFi protocols that provide an ungated expertise to buying and selling crypto belongings, so customers will all the time have these choices obtainable to them. Nonetheless, now customers can have the selection of safer DeFi platforms that confirm all consumer identities to forestall rug pulls, hacks, and different vulnerabilities which have separated 1000’s of customers from their belongings up to now. Decentralized apps can select whether or not they need to make use of the advantages of consumer authentication for his or her tasks. Ankr Confirm allows these customers who need enhanced safety and security within the DeFi expertise whereas nonetheless reaching the permissionless and personal expertise that’s distinctive to crypto.
Might you elaborate on the collaboration with Synaps for KYC processes and the way this partnership enhances Ankr Confirm’s strategy to consumer privateness and compliance?
Reply: Our collaboration with Synaps is a cornerstone of Ankr Confirm’s dedication to consumer privateness and compliance. Within the absence of a KYC supplier like Synaps, Ankr can be compelled to retailer buyer knowledge immediately. This could contradict our core mission to reduce the publicity of delicate buyer data and cut back the variety of entities with entry to it.
By partnering with Synaps, and planning to combine extra KYC suppliers sooner or later, we be certain that these specialised, trusted, and controlled entities are the one ones to see, confirm, or maintain consumer knowledge. This strategy considerably enhances consumer privateness, because the multitude of decentralized apps using Ankr Confirm for buyer id verification won’t ever must immediately entry or retailer customers’ non-public data.
Primarily, our partnership with Synaps and different KYC suppliers signifies that solely organizations devoted to and controlled for the safe dealing with of buyer knowledge are answerable for its storage. This technique not solely aligns with our dedication to safeguarding consumer privateness but additionally ensures strict compliance with knowledge safety rules, offering a safe and reliable atmosphere for each customers and builders inside the Ankr ecosystem.
How does Ankr Confirm allow customizable coverage enforcement for companies and builders inside its ecosystem?
Reply: Ankr Confirm empowers blockchains and utility builders inside their ecosystems with extremely customizable coverage enforcement capabilities. Leveraging our KYC partnerships, they’ve the liberty to pick out particular standards about their prospects that have to be verified. This could vary from fundamental attributes like age and nationality to extra detailed data comparable to earnings stage or different verifiable private particulars.
The flexibility of Ankr Confirm lies in its capacity to adapt to the distinctive necessities of every chain or utility. Blockchains and builders have full autonomy in figuring out the sort and variety of attributes needed for customers to entry their functions. This flexibility ensures that every app can tailor its entry necessities to align with its particular wants and regulatory obligations, offering a safe, compliant, and user-friendly atmosphere inside the Ankr ecosystem.
