Fastest News Updates around the World

Developers Release Tools to Create Privacy-Centric Solutions with Polygon ID

35

- Advertisement -

Polygon ID developers have released four new tools for their decentralized identity infrastructure.

Polygon ID launches four tools for building a fair internet

In a March 5 tweet, Polygon said these tools will allow building a fairer internet with identity at the center.

Polygon ID uses zero-knowledge (ZK) proofs, allowing users to confidently verify their identity without revealing their personal information.

This system is based on the anon3 protocol, a protocol by which users can prove their access rights without having to reveal their information.

Under the hood, the Polygon ID framework includes the identity holder, issuer, and verifier, forming what they describe as a “trust triangle.”

Because of ZK, Polygon ID guarantees user freedom of expression and privacy by default. This differs from the old centralized systems where sensitive personal information must be provided to a third party.

Tools include the Verifier Software Development Kit (SDK), Node Issuer, and Wallet SDK. There is also a Wallet app. Polygon has made it clear that all of these toolkits are W3C standards compliant.

The auditor is tasked with verifying the evidence provided by the holder who controls the portfolio. In this arrangement, since the holder has access to the wallet, they are responsible for creating ZK proofs of issued Verifiable Credentials (VCs).

Meanwhile, the issuer is an entity that grants the risk capital to the bearer.

Under Polygon ID’s “Triangle of Trust,” the wallet is designed to protect the holder’s privacy and identity.

Data privacy and control

Polygon builds an identity infrastructure that facilitates a secure and trusted relationship between integrating dApps and end users.

(embed) https://www.youtube.com/watch?v=7qQxDz91nCA (/embed)

Platforms with a Polygon ID will protect their user data by default. At the same time, users will have the autonomy of their data.

According to Polygon, companies that choose to use its solutions will, at any given moment, release verifiable credentials about their users.

Meanwhile, organizations will also be empowered. They can, upon request, verify claims via a suite of tools built for each member of their ecosystem.

Polygon is an Ethereum layer-2 solution with higher scalability and lower trading fees. Due to its compatibility with the Ethereum Virtual Machine (EVM), many projects that want to connect to the first smart contract platform choose to deploy on Polygon. Over the years, Polygon has developed an active ecosystem of DeFi, NFTs, and games.

Leave a Reply

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More