Polygon, a layer-2 scaling protocol for Ethereum, has launched a zero-knowledge decentralized identification solutionto the general public practically 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 info handed or probably saved with a 3rd celebration.
Polygon Labs publicly launched Polygon ID on March 1, nearly 12 months after the challenge was formally launched in a closed-source atmosphere.
The Polygon staff says Polygon ID was constructed to “clear up the difficulty of digital belief.”
ZERO KNOWLEDGE IDENTITY FOR WEB3
The Polygon ID staff is happy to announce 4 instruments have been launched within the #PolygonID Id Infrastructure to construct a extra equitable web that locations identification on the heart of it.
The long run is self-sovereign⛓https://t.co/h66KyDurJE pic.twitter.com/jTBbzBNVJk
— 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 mentioned.
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 have the ability to produce zero-knowledge proofs utilizing off-chain credentials — akin to their passport, nationwide ID or a bachelor’s diploma — to work together with sensible contracts and confirm info 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 software that enables customers to carry credentials regionally on handheld units akin 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 consumer expertise, and productiveness of their system directors whose time is just not taken up by password resets.”
The co-founder of Polygon ID, David Schwartz, mentioned in a March 1 tweet that the product was constructed “on the newest decentralized identification requirements” which is able to assist shield builders and customers towards unauthorized entry from third events.
Polygon ID’s ZK-based know-how allows 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 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 tasks have already dedicated to integrating Polygon ID upon launch, akin to Web3 infrastructure supplier Kaleido, ID verification resolution Fractal and Web3 neighborhood administration system Collab.Land. Collectively they’ve a consumer base of over 4 million, in accordance with Polygon.
Different Web3 tasks, akin to metaverse platform The Sandbox and blockchain builder neighborhood Guild.xyz, are within the technique of integrating Polygon ID too.
Following the information, the worth 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 as we speak embody Quadrata and IDNTTY.
