Blockchain
RNS.id, a digital Web3 id platform developed to help 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 answer is designed on a “privateness engine” to encrypt customers’ id attributes or properties into totally different “hashed slices” with a number of signature verifications.
RNS.ID aggregates customers’ fragmented id properties knowledge and makes use of ZK-proofs to generate encrypted proofs from metadata. Moreover, the corporate acknowledged that RNS.ID permits customers to create their very own minimal disclosure figuring out info system for constrained usages, thereby stopping a breach of non-public knowledge and lowering the probabilities of id theft.
zkEVM’s integration with RNS.id aspires to allow self-sovereignty-based options within the realm of digital id, an rising house within the digital world. The mixing additionally seeks to leverage blockchain expertise to permit id 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, comparable 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 difficulty 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 Net 3 by incorporating blockchain expertise into their constructions. On Nov 29, Cointelegraph reported that Dominica had launched a digital id program and nationwide token in partnership with Huobi.
Dominica’s authorities has agreed to a partnership with Huobi to difficulty Dominica Coin (DMC) and digital id 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.
