Galxe declares the launch of Identification Protocol, introducing an identification infrastructure that focuses on consumer privateness, safety, and sovereignty.
Using Zero-Information Proofs (ZKP), the protocol lets customers management their digital identification and personal information throughout public verification eventualities. In accordance with the corporate’s blog, Galxe Identification Protocol goals to empower customers with management over their digital identification and personal information.
The launch marks a brand new part in managing and sharing verifiable credentials throughout the web3 panorama. The protocol makes use of ZKP know-how to permit for the safe authentication of identification with out compromising the privateness or integrity of private info.
To handle challenges like Proof duplication, Galxe introduces an identification dedication schema that enhances privateness and makes information untraceable throughout on-chain verification processes.
The protocol simplifies the creation of latest credentials in a no-code surroundings. It streamlines the credential issuance course of by means of an aggregation mechanism that permits for minting a Soulbound token.
The protocol’s framework helps varied purposes, together with the prevention of Sybil assaults, decentralized status and credit score techniques, a private information market, safe identification verification strategies, decentralized evaluate techniques, and transferable achievement techniques. The pliability goals to reinforce the utility and worth of consumer achievements throughout totally different ecosystems.
Galxe, an organization within the web3 infrastructure and digital identification community, helps this initiative with a set of merchandise that embody Galxe Quest, Galxe Passport, Galxe Rating, Galxe Compass, and Alva, selling the event of web3 purposes.