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Zero-Knowledge, Privacy-Enhanced Identification Solution Is Launched By Polygon

Polygon confirms that the Zero-Knowledge (ZK) technology-based Polygon ID product would enable users to validate their identities or credentials without disclosing sensitive data. Zero-knowledge technology, a subset of encryption, has been predicted as one of the hottest technologies for the digital asset market since it does away with the requirement that users routinely give their personal information to various websites or online services.


Thu, 02 Mar 2023 13:39:00 GMT

Polygon said Wednesday it launched a new Polygon ID product based on Zero-Knowledge (ZK) technology that will allow users to verify their identities or credentials without revealing sensitive information.

Polygon specializes in scaling systems for the Ethereum blockchain, including the popular Polygon PoS sidechain. According to the company, the new Polygon ID “toolset can be used by developers to unlock features such as an enhanced signup user interface, assist in regulatory compliance, help verify user identities and restrict access control to certain areas or features via token-gating.”

Zero-knowledge technology is a type of cryptography that’s been tipped as one of the hottest trends this year for the digital-asset industry because it eliminates the need for individuals to routinely provide personal information to various web sites or online applications. This advancement has long been viewed as a key potential use case for blockchains.

“Providing identity in a way that the average consumer can use is the holy grail of digital ID adoption,” Polygon co-founder David Schwartz said. “No other identity solution has been able to provide the scalability needed for mainstream adoption leveraging ZK technology until now.”

Under Polygon ID’s design, a person or entity known as the “identity holder” has “claims” stored in a wallet, according to a tutorial on the project posted on GitHub. “Verifiable credentials” are cryptographically signed and issued to the identity holders by an issuer who is a “trusted and reputable party.” Then a verifier checks the proof presented by a holder.

“The simplest example of a Verifier is a Bar that wants to verify if you are over 18. In the real world, the Identity Holder would need to provide an ID and show all their personal information,” according to the tutorial. “With Polygon ID they only need to pass a proof.”

Proofs can be done either off-chain or on-chain via smart contracts.

According to the Polygon website, there is a Polygon ID wallet app and wallet software development kit or SDK.

Bradley Keoun

Nguồn: https://www.coindesk.com/tech/2023/03/01/polygon-rolls-out-zero-knowledge-privacy-enhanced-identification-product/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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