Polygon launches decentralized ID product powered by ZK proofs

Polygon, a layer-2 scaling protocol for Ethereum has launched a zero-knowledge decentralized individuality solution, Polygon ID to the nationalist astir a twelvemonth aft announcing its development.

The work uses zero-knowledge proofs (ZK proofs) that use cryptographic techniques to let users to verify their individuality online without having their delicate accusation passed, oregon perchance stored with a 3rd party.

The nationalist release of Polygon ID by Polygon Labs connected Mar. 1 comes astir 12 months aft it was officially launched successful a closed-source environment successful precocious March 2022, which the Polygon squad says was built to “solve the contented of integer trust.”

— Polygon (@0xPolygon) March 1, 2023

“What sets Polygon ID isolated from astir different decentralized ID frameworks is its implementation of zero-knowledge technology, allowing users to verify their identities oregon different credentials without needfully revealing delicate information,” said Polygon.

The nationalist merchandise introduces 4 caller tools to the Polygon ID toolset — Verifier SDK, Issuer Node, Wallet SDK and Wallet App — which volition let Polygon developers to integrate decentralized individuality into their applications.

A elemental illustration explaining however Polygon ID interacts with idiosyncratic credentials. Source: Polygon

Users volition beryllium capable to nutrient zero-knowledge proofs utilizing off-chain credentials — specified arsenic their passport, nationalist ID oregon a bachelor's grade — to interact with astute contracts and verify accusation on-chain.

“This means that off-chain information tin present beryllium utilized for trustless on-chain verifications successful the widely-supported Verified Credential format.”

Polygon claims it’s besides the archetypal ZK-based integer ID instrumentality that allows users to clasp credentials locally connected handheld devices specified arsenic smartphones, and that users volition nary longer request passwords:

“Passwordless logins speech encrypted verifiable credentials by simply scanning a QR codification oregon connecting to a desktop wallet. Organizations tin payment from improved security, a amended idiosyncratic experience, and productivity of their strategy administrators whose clip is not taken up by password resets.”

The co-founder of Polygon ID, David Schwartz said successful a Mar. 1 Twitter station that the merchandise was built “on the latest decentralized individuality standards” which volition assistance support developers and users against unauthorized entree from 3rd parties.

Polygon ID’s ZK-based exertion enables developers to physique solutions to let users to store their idiosyncratic accusation privately and securely portion giving them afloat power implicit who has entree to their data.

— David Schwartz (@davidsrz) March 1, 2023

"Providing individuality successful a mode that the mean user tin usage is the beatified grail of integer ID adoption,” helium explained successful a abstracted property statement.

Related: Decentralized concern to beryllium examined astatine inaugural CFTC tech advisory meeting

Multiple projects person already committed to integrating Polygon ID upon launch, specified arsenic web3 infrastructure supplier Kaleido, ID verification solution Fractal, and Web3 assemblage absorption strategy Collab.Land, which has an aggregate idiosyncratic basal of implicit 4 million, according to Polygon.

Other Web3 projects, specified arsenic metaverse level The Sandbox and blockchain builder assemblage Guild.xyz are successful the process of integrating Polygon ID too.

Following the news, the terms of Polygon’s autochthonal token, MATIC, accrued 2.5% from $1.22 to $1.25 successful a substance of hours earlier falling backmost to $1.23.

Other blockchain-based ID products retired successful the abstraction contiguous see Quadrata and IDNTTY.