Polygon Labs introduced that it has open-sourced its Web3 ID resolution, as indicated in a weblog put up from the corporate on March 1.
Polygon initially introduced the suite of instruments in March 2022 and launched it over course of the 12 months. The toolset permits builders to leverage zero-knowledge proofs (or zk-proofs) to handle consumer credentials and identification in a personal method.
Although the toolset was beforehand obtainable in a extra restricted manner, immediately’s open-source launch makes the suite “absolutely self-service,” in accordance with Polygon. As of immediately, anybody who makes use of the toolset can act as an issuer or holder of Web3 identities.
Notably, the toolset permits builders to make use of off-chain knowledge (comparable to authorities IDs, driver’s licenses, and comparable paperwork) for on-chain verification.
Which means Polygon’s ID instruments can be helpful for a greater variety of organizations and relevant in a larger variety of circumstances. Polygon highlighted the truth that its ID toolset might be utilized in KYC verification, e-commerce, passwordless login, moveable sport registrations, undercollateralized lending, and DAO administration.
The corporate additionally famous that the general public launch introduces 4 new instruments aimed toward ID verifiers, ID issuers, pockets builders, and builders respectively.
Polygon named nineteen tasks — together with the favored blockchain sport The Sandbox — which might be already making use of its ID toolset.
A number of different crypto-related tasks are engaged on separate decentralized identification toolkits. These efforts embrace Jack Dorsey’s “Web5” undertaking, Microsoft’s ION ID system for Bitcoin, and Circle’s Verite ID system for Ethereum.
