Blockchain
Manta Community, a layer-1 blockchain working on Polkadot, has teamed up with Linea, a rollup-based scaling answer, to supply customers zero-knowledge soulbound tokens (zkSBT).
As a result of inherent transparency of open blockchains, the staff at Manta was to deal with one of many essential considerations of cryptocurrency initiatives at present, privateness.
“The issue we are attempting to deal with right here is in order that verification is just restricted to sure on-chain actions, somewhat than share all information to an app,” Manta Community co-founder Victor Ji informed Decrypt.
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He added that customers gained’t want to finish know-your-customer screenings, as a substitute verifying their identification utilizing Manta’s zkSBT answer.
Souldbound Tokens had been first proposed by Ethereum co-founder Vitalik Buterin. They fucntion very like an NFT, besides they will’t be traded and are tied to the identification of an individual or an entty. They may be used for medical data or certificates.
Customers will be capable to mint the brand new zkSBTs beginning at present by Manta Community’s NFT Personal Choices (NPO) platform, so long as they’ve accomplished one among two Linea NFT campaigns.
These zkSBT’s will “supply customers a decentralized, trustless, and personal option to confirm their actual identities with out compromising any info or information leakage about their on-chain exercise,” the businesses mentioned in a press release.
The progressive tokens will use Linea’s zkPioneer–alongside a novel Manta innovation referred to as Proof Key–to allow any Web2 or Web3 utility (cellular or desktop) to confirm person’s info while not having to connect with a pockets.
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“We predict cellular customers have the biggest [daily active users], however have the worst expertise in crypto now, and we will allow them and not using a want to attach wallets to confirm their on-chain and off-chain credentials” mentioned Ji, stating the staff’s essential focus is socialFi and GameFi.
The dangers are minimal, added Ji in an unique dialog with Decrypt, acknowledging customers may need “personal information leakage” though their property on EVM addresses will nonetheless be protected.
Whether or not full digital privateness is feasible in at present’s web setting is a broad dialogue, however Ji thinks it’s “not wanted.” The necessity, in keeping with him, is somewhat for “nice UX for sure privateness use instances somewhat than a completely personal good contract platform with horrible interoperability.”
