Tuesday, November 5, 2024

Privado ID Launches Multi-Chain Identification-Verification Protocol, Claiming Trade First

Privado ID (previously Polygon ID), a privacy-focused digital id platform, introduced the launch of a “multi-chain, device-agnostic id attestation protocol that enables individuals to seamlessly confirm their credentials throughout a number of EVM-compatible blockchains,” an achievement it describes as an “trade first.” Evin McMullen, co-founder and chief technique officer, mentioned in a press launch: “This protocol is the at the moment lacking middleware infrastructure that mainstream Web3 ecosystems have to drive worth repeatedly from the infrastructure towards the appliance layer.” In keeping with the discharge: “At launch, Privado’s common verifier is already deployed by such outstanding blockchain ecosystems as Linea, Polygon PoS, Polygon zkEVM, and Ethereum, with extra EVM and non-EVM networks scheduled for deployment within the coming months. Privado ID can also be actively collaborating with blockchain ecosystems, protocols and enterprises and authorities entities to proceed increasing the ecosystem of suitable platforms sooner or later. The brand new protocol introduces cross-chain compatibility, permitting customers to confirm their id as soon as and use it throughout any supported blockchain. These unified digital credentials, which may unlock entry or capabilities for customers used throughout a number of decentralized ecosystems and units, supply a technically resilient type of id suitable with legacy establishments like banks and governments.”

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles