Polygon, a layer-2 scaling protocol for Ethereum, has launched a zero-knowledge decentralized id solutionto the general public practically a 12 months after saying its growth.
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 info handed or doubtlessly saved with a 3rd get together.
Polygon Labs publicly released Polygon ID on March 1, virtually 12 months after the challenge was formally launched in a closed-source surroundings.
The Polygon workforce says Polygon ID was constructed to “remedy the difficulty of digital belief.”
ZERO KNOWLEDGE IDENTITY FOR WEB3
The Polygon ID workforce is happy 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 longer term is self-sovereign⛓https://t.co/h66KyDurJE pic.twitter.com/jTBbzBNVJk
— Polygon (@0xPolygon) March 1, 2023
“What units Polygon ID aside from 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 info,” 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 permit Polygon builders to combine decentralized id into their purposes.
Customers will be capable to produce zero-knowledge proofs utilizing off-chain credentials — akin to their passport, nationwide ID or a bachelor’s diploma — to work together with good contracts and confirm info on-chain.
“Which means 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 enables customers to carry credentials regionally on handheld gadgets akin to smartphones, and that customers will now not want passwords:
“Passwordless logins trade 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 will not 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 newest decentralized id requirements” which is able to assist shield 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 info 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 method 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 initiatives have already dedicated to integrating Polygon ID upon launch, akin to Web3 infrastructure supplier Kaleido, ID verification answer Fractal and Web3 group administration system Collab.Land. Collectively they’ve a consumer base of over 4 million, based on Polygon.
Different Web3 initiatives, akin to metaverse platform The Sandbox and blockchain builder group Guild.xyz, are within the strategy of integrating Polygon ID too.
Following the information, the worth 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 as we speak embrace Quadrata and IDNTTY.
