Polygon launched Zero-Knowledge Identity solution for Web3
The platform introduced a scalable blockchain ID with ZK-based privacy that proves access rights and reputation on-chain while keeping user privacy, boost dApps, and DeFi.
Decentralised Ethereum scaling platform Polygon introduced its new blockchain-native identity system with programmable privacy called Polygon ID.
The new self-sovereign, decentralized and private blockchain-based identity platform aim to empowers people and enables the creation of trusted interactions with web3 services. It's the first ever to be powered by zero-knowledge (ZK) cryptography, a privacy and blockchain scaling technology developed for ultimate user privacy and the most efficient for proof verifications on-chain. Polygon has made ZK native protocols a centerpiece of its strategic vision and has committed $1 billion to related projects. Polygon ID is the latest product in this rapidly growing portfolio.
Open to existing standards and ecosystem development and able to boast a scalable and private on-chain verification to boost decentralized apps and decentralized finance, Polygon ID will leverage the Iden3 protocol and Circom ZK toolkit. Both of the projects will be sponsored by Polygon while keeping the original spirit of community initiatives to provide open source protocols and tools to the broader ecosystem of developers.
“Polygon ID is private by default, offers on-chain verification and permissionless attestation. There is nothing in the digital identity space now that ticks all these boxes,” said Mihailo Bjelic, Polygon’s co-founder. “It is also a great showcase for how zero knowledge proofs can help us create a better world.”