Polygon Hits It Big With New Web3 ID Service Based on Zero-Knowledge Proofs

Polygon Hits It Big With New Web3 ID Service Based on Zero-Knowledge Proofs
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Polygon, ethereum layer 2 scaling solution, has launched a decentralised identity solution that provides the tools for developers to create self-reliant, decentralised, and permitted private identity solutions with zero-proof knowledge.

Polygone id was put into service on 1 March as a self-service platform. According to the project's developers, zero-knowledge evidence integration allows users to verify identifying information without revealing their data.

The Polygon ID team is excited to announce four tools have been released in the Polygon ID Identity infrastructure to build a more equitable internet that places identity at the center of it,” Polygon wrote on Twitter. Tool developers can embed as decentralized identities in their applications include sdk checker, sender node, sdk wallet, and portfolio application.

The new platform is presented to address issues developers face in managing user data with greater control over online identifiers, in particular, information which is shared with private and public institutions. According to the polygon, off-line data is applicable to chain checks without confidence in the new offer, which constitutes an important step in confidence and checks in a user-friendly environment.

When to use the polygon.

Among use cases, Polygon ID can help developers by allowing their users to prove they are human without revealing any personal information. They may also incorporate evidence of zero knowledge into off-line data, such as ID cards, travel permits or college certificates. Most importantly, the team shared how password-free sign-ins – a Polygon ID app – can be leveraged to protect their digital platforms from hackers.

Projects that already use Polygon ID include the p2p DePay payment platform, the Click digital passport application and the Guild synchronization token.XYZ. High platform game and ecosystem metaverse, the sandpit, also integrated Polygon ID.

Polygon cited instances of use for its new e-business offering. As online purchases of goods and services increase, industry service providers can reduce the costs of processing unnecessary customer data by using the identification polygon. In addition, the identity search system makes it possible to share a minimum of crypto data under a secure integrated access control for subcontracted loans.

With increasing cases of identity theft in information stored by third parties, the zero-knowledge evidence, which appeared for the first time in a 1985 document, becomes increasingly relevant. The requirement to disclose information is eliminated by means of a statement, known as a witness statement, as evidence of the validity of shared information that contains assurances that it is true.