Blockchain
RNS.id, a digital Web3 identification platform developed to assist the appliance and issuance of sovereignty-backed IDs, introduced on Nov. 30 that it’s integrating with zkSync for on-chain KYC. RNS.ID indicated in a launch shared with Cointelegraph that its on-chain KYC resolution is designed on a “privateness engine” to encrypt customers’ identification attributes or properties into completely different “hashed slices” with a number of signature verifications.
RNS.ID aggregates customers’ fragmented identification properties knowledge and makes use of ZK-proofs to generate encrypted proofs from metadata. Moreover, the corporate said that RNS.ID allows customers to create their very own minimal disclosure figuring out info system for constrained usages, thereby stopping a breach of non-public knowledge and decreasing the probabilities of identification theft.
zkEVM’s integration with RNS.id aspires to allow self-sovereignty-based options within the realm of digital identification, an rising area within the digital world. The mixing additionally seeks to leverage blockchain know-how to permit identification verification with out revealing customers’ delicate knowledge to permit customers to take care of privateness, whereas they work together with the Web3 ecosystem.
At current, the corporate mentioned its RNS.ID is supported by over 80% of crypto exchanges on the planet, corresponding to Binance, Coinbase, Bitmart, Kucoin, Gate.io, Bybit, and Huobi, amongst many others.
RNS.ID additionally partnered with the Republic of Palau, to make it the primary sovereign nation on the planet to problem digital residency IDs to world residents. It’s mentioned to be the primary nationwide identification card issued on the blockchain as “soulbound ID NFTs”.
Associated: How Web3 resolves elementary issues in Web2
It seems international locations world wide are slowly starting to take curiosity in Internet 3 by incorporating blockchain know-how into their buildings. On Nov 29, Cointelegraph reported that Dominica had launched a digital identification program and nationwide token in partnership with Huobi.
Dominica’s authorities has agreed to a partnership with Huobi to problem Dominica Coin (DMC) and digital identification paperwork (DID) with DMC holders set to be granted digital citizenship within the nation. DMC and DID might be issued on Huobi Prime and can function credentials for a future Dominica-based metaverse platform.
