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).
Because of the inherent transparency of open blockchains, the workforce at Manta was to handle one of many most important issues of cryptocurrency initiatives in the present day, privateness.
“The issue we try to deal with right here is in order that verification is barely restricted to sure on-chain actions, quite than share all knowledge to an app,” Manta Community co-founder Victor Ji instructed Decrypt.
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He added that customers received’t want to finish know-your-customer screenings, as a substitute verifying their id 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 id of an individual or an entty. They is also used for medical information or certificates.
Customers will be capable of mint the brand new zkSBTs beginning in the present day by means of Manta Community’s NFT Non-public 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 approach to confirm their actual identities with out compromising any data or knowledge leakage about their on-chain exercise,” the businesses stated in an announcement.
The modern tokens will use Linea’s zkPioneer–alongside a singular Manta innovation referred to as Proof Key–to allow any Web2 or Web3 utility (cellular or desktop) to confirm consumer’s data while not having to hook up 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” stated Ji, stating the workforce’s most important focus is socialFi and GameFi.
The dangers are minimal, added Ji in an unique dialog with Decrypt, acknowledging customers might need “non-public knowledge leakage” though their property on EVM addresses will nonetheless be secure.
Whether or not full digital privateness is feasible in in the present day’s web surroundings is a broad dialogue, however Ji thinks it’s “not wanted.” The necessity, in line with him, is quite for “nice UX for sure privateness use instances quite than a totally non-public sensible contract platform with horrible interoperability.”