Polygon open-sources its Web3 ID solution
Polygon Labs introduced that it has open-sourced its Web3 ID answer, as indicated in a weblog submit from the corporate on March 1.
Polygon initially introduced the suite of instruments in March 2022 and launched it over course of the 12 months. The toolset permits builders to leverage zero-knowledge proofs (or zk-proofs) to handle consumer credentials and id in a personal method.
Although the toolset was beforehand out there in a extra restricted manner, right this moment’s open-source launch makes the suite “totally self-service,” based on Polygon. As of right this moment, 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 knowledge (reminiscent of 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 larger 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 embrace Jack Dorsey’s “Web5” mission, Microsoft’s ION ID system for Bitcoin, and Circle’s Verite ID system for Ethereum.