Polygon Labs introduced that it has open-sourced its Web3 ID answer, 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 id in a personal method.
Although the toolset was beforehand accessible in a extra restricted means, in the present day’s open-source launch makes the suite “totally self-service,” in keeping with Polygon. As of in the present day, 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 (reminiscent of authorities IDs, driver’s licenses, and comparable paperwork) for on-chain verification.
Which means that Polygon’s ID instruments will likely be helpful for a greater diversity of organizations and relevant in a higher variety of circumstances. Polygon highlighted the truth that its ID toolset may be utilized in KYC verification, e-commerce, passwordless login, transportable recreation 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 recreation The Sandbox — which might be already making use of its ID toolset.
A number of different crypto-related tasks are engaged on separate decentralized id toolkits. These efforts embody Jack Dorsey’s “Web5” challenge, Microsoft’s ION ID system for Bitcoin, and Circle’s Verite ID system for Ethereum.