Galxe proclaims the launch of Id Protocol, introducing an identification infrastructure that focuses on consumer privateness, safety, and sovereignty.
Using Zero-Information Proofs (ZKP), the protocol lets customers management their digital identification and personal information throughout public verification eventualities. Based on the corporate’s weblog, Galxe Id Protocol goals to empower customers with management over their digital identification and personal information.
The launch marks a brand new section in managing and sharing verifiable credentials throughout the web3 panorama. The protocol makes use of ZKP expertise to permit for the safe authentication of identification with out compromising the privateness or integrity of non-public data.
To handle challenges like Proof duplication, Galxe introduces an identification dedication schema that enhances privateness and makes information untraceable throughout on-chain verification processes.
🚨 Launch Alert: Galxe Id Protocol Mainnet is right here. Rework the way you handle and share verifiable credentials throughout Web3. With our permissionless infrastructure and ZKP expertise, your digital identification has by no means been safer or extra in your management.
Be taught extra 👉… pic.twitter.com/U4NdBR2yUK
— Galxe (@Galxe) April 11, 2024
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The protocol simplifies the creation of latest credentials in a no-code atmosphere. It streamlines the credential issuance course of by means of an aggregation mechanism that permits for minting a Soulbound token.
The protocol’s framework helps varied purposes, together with the prevention of Sybil assaults, decentralized repute and credit score techniques, a private information market, safe identification verification strategies, decentralized evaluation techniques, and transferable achievement techniques. The flexibleness goals to boost the utility and worth of consumer achievements throughout completely different ecosystems.
Galxe, an organization within the web3 infrastructure and digital identification community, helps this initiative with a set of merchandise that embody Galxe Quest, Galxe Passport, Galxe Rating, Galxe Compass, and Alva, selling the event of web3 purposes.
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