Polygon Hits It Big With New Web3 ID Service Based on Zero-Knowledge Proofs.
03 Mar 2023, 08:00
Polygon Hits It Big With New Web3 ID Service Based on Zero-Knowledge Proofs
The Sandbox is among the blockchains already using the technology.Polygon ID is applicable in under-collateralized lending and e-commerce.Polygon, Ethereum’s layer-2 scaling solution, has launched a decentralized identity solution that provides the tools for developers to create self-sovereign, decentralized, and private identity solutions enabled with zero-knowledge proofs.
Polygon ID went live on March 1 as an open-source licensed platform that is entirely self-service. According to the project developers, the integration of the zero-knowledge proofs allows users to verify credentials without revealing their data.