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 methods to permit customers to confirm their identification on-line with out having their delicate info handed or probably saved with a 3rd occasion.
Polygon Labs publicly released Polygon ID on March 1, nearly 12 months after the challenge was formally launched in a closed-source setting.
The Polygon workforce says Polygon ID was constructed to “remedy 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 Identification Infrastructure to construct a extra equitable web that locations identification on the middle of it.
— Polygon (@0xPolygon) March 1, 2023
“What units Polygon ID other than most different decentralized ID frameworks is its implementation of zero-knowledge know-how, permitting customers to confirm their identities or different credentials with out essentially revealing delicate info,” 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 may enable Polygon builders to combine decentralized identification into their functions.
Customers will be capable to produce zero-knowledge proofs utilizing off-chain credentials — comparable to their passport, nationwide ID or a bachelor’s diploma — to work together with sensible contracts and confirm info on-chain.
“Which means 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 instrument that enables customers to carry credentials regionally on handheld gadgets comparable to smartphones, and that customers will now not want passwords:
“Passwordless logins alternate encrypted verifiable credentials by merely scanning a QR code or connecting to a desktop pockets. Organizations can profit from improved safety, a greater person expertise, and productiveness of their system directors whose time isn’t 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 know-how permits builders to construct options to permit customers to retailer their private info 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 approach that the typical client 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, comparable to Web3 infrastructure supplier Kaleido, ID verification resolution Fractal and Web3 group administration system Collab.Land. Collectively they’ve a person base of over 4 million, in response to Polygon.
Different Web3 initiatives, comparable to metaverse platform The Sandbox and blockchain builder group Guild.xyz, are within the technique 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 at present embrace Quadrata and IDNTTY.