1 year ago
RNS.ID’s on-chain KYC solution is designed connected a “privacy engine” to encrypt users' data.
RNS.id, a integer Web3 individuality level developed to enactment the exertion and issuance of sovereignty-backed IDs, announced connected Nov. 30 that it is integrating with zkSync for on-chain KYC. RNS.ID indicated successful a merchandise shared with Cointelegraph that its on-chain KYC solution is designed connected a “privacy engine” to encrypt users' individuality attributes oregon properties into antithetic “hashed slices” with aggregate signature verifications.
RNS.ID aggregates users’ fragmented individuality properties information and uses ZK-proofs to make encrypted proofs from metadata. Additionally, the institution stated that RNS.ID enables users to make their ain "minimal disclosure identifying accusation system" for constrained usages, thereby preventing a breach of idiosyncratic information and reducing the chances of individuality theft.
zkEVM’s integration with RNS.id aspires to alteration self-sovereignty-based solutions successful the realm of integer identity, an emerging abstraction successful the integer world. The integration besides seeks to leverage blockchain exertion to let individuality verification without revealing users’ delicate information to let users to support privacy, portion they interact with the Web3 ecosystem.
At present, the institution said its RNS.ID is supported by implicit 80% of crypto exchanges successful the world, specified arsenic Binance, Coinbase, Bitmart, Kucoin, Gate.io, Bybit, and Huobi, among galore others.
RNS.ID besides partnered with the Republic of Palau, to marque it the archetypal sovereign federation successful the satellite to contented integer residency IDs to planetary citizens. It is said to beryllium the archetypal nationalist recognition paper issued connected the blockchain arsenic “soulbound ID NFTs”.
Related: How Web3 resolves cardinal problems successful Web2
It appears countries astir the satellite are dilatory opening to instrumentality involvement successful Web 3 by incorporating blockchain exertion into their structures. On Nov 29, Cointelegraph reported that Dominica had launched a integer individuality program and nationalist token successful concern with Huobi.
Dominica’s authorities has agreed to a concern with Huobi to contented Dominica Coin (DMC) and integer individuality documents (DID) with DMC holders acceptable to beryllium granted integer citizenship successful the country. DMC and DID volition beryllium issued connected Huobi Prime and volition service arsenic credentials for a aboriginal Dominica-based metaverse platform.
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