Blockchain
Manta Community, a layer-1 blockchain working on Polkadot, has teamed up with Linea, a rollup-based scaling resolution, to supply customers zero-knowledge soulbound tokens (zkSBT).
As a result of inherent transparency of open blockchains, the group at Manta was to handle one of many major issues of cryptocurrency tasks at this time, privateness.
“The issue we try to sort out right here is in order that verification is barely restricted to sure on-chain actions, moderately than share all knowledge to an app,” Manta Community co-founder Victor Ji advised Decrypt.
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He added that customers gained’t want to finish know-your-customer screenings, as a substitute verifying their id utilizing Manta’s zkSBT resolution.
Souldbound Tokens have been first proposed by Ethereum co-founder Vitalik Buterin. They fucntion very like an NFT, besides they’ll’t be traded and are tied to the id of an individual or an entty. They may be used for medical data or certificates.
Customers will be capable of mint the brand new zkSBTs beginning at this time by means of Manta Community’s NFT Non-public Choices (NPO) platform, so long as they’ve accomplished certainly one of two Linea NFT campaigns.
These zkSBT’s will “provide customers a decentralized, trustless, and personal solution to confirm their actual identities with out compromising any info or knowledge leakage about their on-chain exercise,” the businesses stated in a press release.
The progressive tokens will use Linea’s zkPioneer–alongside a singular Manta innovation referred to as Proof Key–to allow any Web2 or Web3 utility (cell or desktop) to confirm person’s info while not having to connect with a pockets.
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“We predict cell customers have the most important [daily active users], however have the worst expertise in crypto now, and we are able to allow them with no want to attach wallets to confirm their on-chain and off-chain credentials” stated Ji, stating the group’s major focus is socialFi and GameFi.
The dangers are minimal, added Ji in an unique dialog with Decrypt, acknowledging customers may need “personal knowledge leakage” though their belongings on EVM addresses will nonetheless be protected.
Whether or not full digital privateness is feasible in at this time’s web surroundings is a broad dialogue, however Ji thinks it’s “not wanted.” The necessity, in response to him, is moderately for “nice UX for sure privateness use instances moderately than a totally personal sensible contract platform with horrible interoperability.”
