Polygon, a layer-2 scaling protocol for Ethereum, has launched a zero-knowledge decentralized identification solutionto the general public almost a 12 months after saying its improvement.
The Polygon ID service makes use of zero-knowledge proofs (ZK proofs) that use cryptographic strategies to permit customers to confirm their identification on-line with out having their delicate data handed or probably saved with a 3rd social gathering.
Polygon Labs publicly released Polygon ID on March 1, virtually 12 months after the challenge was formally launched in a closed-source setting.
The Polygon workforce says Polygon ID was constructed to “resolve the problem of digital belief.”
ZERO KNOWLEDGE IDENTITY FOR WEB3
The Polygon ID workforce is worked up to announce 4 instruments have been launched within the #PolygonID Id Infrastructure to construct a extra equitable web that locations identification on the middle 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 expertise, permitting customers to confirm their identities or different credentials with out essentially revealing delicate data,” 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 can enable Polygon builders to combine decentralized identification 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 data on-chain.
“Because of this 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 device that permits customers to carry credentials regionally on handheld units akin to smartphones, and that customers will not want passwords:
“Passwordless logins change 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 shouldn’t 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 identification requirements” which can assist shield builders and customers in opposition to unauthorized entry from third events.
Polygon ID’s ZK-based expertise permits builders to construct options to permit customers to retailer their private data privately and securely whereas giving them full management over who has entry to their knowledge.
— David Schwartz (@davidsrz) March 1, 2023
“Offering identification in a manner that the common shopper 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 neighborhood administration system Collab.Land. Collectively they’ve a consumer base of over 4 million, in response to Polygon.
Different Web3 initiatives, akin to metaverse platform The Sandbox and blockchain builder neighborhood Guild.xyz, are within the means of integrating Polygon ID too.
Following the information, the value 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 area right this moment embody Quadrata and IDNTTY.
