Polygon Labs introduced that it has open-sourced its Web3 ID answer, as indicated in a weblog put up from the corporate on March 1.
Polygon initially introduced the suite of instruments in March 2022 and launched it over course of the yr. The toolset permits builders to leverage zero-knowledge proofs (or zk-proofs) to handle person credentials and id in a non-public method.
Although the toolset was beforehand accessible in a extra restricted method, immediately’s open-source launch makes the suite “totally self-service,” based on Polygon. As of immediately, anybody who makes use of the toolset can act as an issuer or holder of Web3 identities.
Notably, the toolset permits builders to make use of off-chain information (resembling authorities IDs, driver’s licenses, and comparable paperwork) for on-chain verification.
Because of this Polygon’s ID instruments will probably be helpful for a greater variety of organizations and relevant in a higher variety of circumstances. Polygon highlighted the truth that its ID toolset may be utilized in KYC verification, e-commerce, passwordless login, moveable recreation registrations, undercollateralized lending, and DAO administration.
The corporate additionally famous that the general public launch introduces 4 new instruments geared toward ID verifiers, ID issuers, pockets builders, and builders respectively.
Polygon named nineteen initiatives — together with the favored blockchain recreation The Sandbox — which can be already making use of its ID toolset.
A number of different crypto-related initiatives are engaged on separate decentralized id toolkits. These efforts embody Jack Dorsey’s “Web5” venture, Microsoft’s ION ID system for Bitcoin, and Circle’s Verite ID system for Ethereum.
