Polygon

Read

Avalanche

<p class="is-style-lead">Interoperability protocol Rarimo has partnered with Polygon ID, enabling the use of its verifiable credential infrastructure across multiple blockchains.</p> 
<p>Rarimo, a tool that helps different blockchains talk to each other, has joined forces with Polygon ID, a system for checking identities, to make their identity-checking tools available across many different blockchains, turning Polygon ID into a multi-chain tool.</p> 
<p>Polygon ID had previously allowed identity checks only on the blockchain where they were first set up. For example, if you made your ID on Polygon, you couldn’t use it on Ethereum (<a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>), meaning users had to make a new ID for each blockchain. But now, <a href="https://rarimo.medium.com/rarimo-x-polygon-id-spearheading-the-worlds-first-multi-chain-zero-knowledge-proofs-for-verified-cd9b9406751e" target="_blank" rel="noopener noreferrer nofollow">with this partnership</a>, IDs made on Polygon (<a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">MATIC</a>) can be used on Ethereum. Other blockchains like BNB Chain (<a href="https://crypto.news/price/bnb/" rel="noopener noreferrer nofollow">BNB</a>) and Avalanche (<a href="https://crypto.news/price/avalanche/" rel="noopener noreferrer nofollow">AVAX</a>) are also expected to join this list soon.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Rarimo is excited to announce a collaboration with <a href="https://twitter.com/0xPolygonDevs?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@0xPolygonDevs</a> &amp; <a href="https://twitter.com/0xPolygonLabs?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@0xPolygonLabs</a>’ PolygonID 🎉🆔<br><br>Polygon ID’s zero knowledge proofs are now cross-chain ⛓<br><br>Discover more 👇<a href="https://t.co/qBpKFX9OEZ" target="_blank" rel="noopener noreferrer nofollow">https://t.co/qBpKFX9OEZ</a></p>— Rarimo (@Rarimo_protocol) <a href="https://twitter.com/Rarimo_protocol/status/1682059156436525057?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 20, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Polygon ID uses Self-Sovereign Identity (SSI), which allows institutions like banks or governments to issue important documents like university degrees or driving licenses. Users can keep these documents in private digital wallets and choose when and where to show them. A method called <a href="https://crypto.news/zero-knowledge-proof-add-support-for-blockchain-and-web3-authentication/" data-type="URL" data-id="https://crypto.news/zero-knowledge-proof-add-support-for-blockchain-and-web3-authentication/" rel="noopener noreferrer nofollow">zero-knowledge proof</a> is used that allows users to prove they are who they say they are without revealing private information.</p> 
<p> You might also like: <a href="https://crypto.news/polygon-2-0-to-establish-multiple-layer-2s-initiate-governance-change/" rel="noopener noreferrer nofollow"> Polygon 2.0 to establish multiple layer-2s, initiate governance change </a> </p> 
<p><a href="https://crypto.news/polygon-id-users-in-know-your-customer-kyc-authentication-sensitive-data/" data-type="URL" data-id="https://crypto.news/polygon-id-users-in-know-your-customer-kyc-authentication-sensitive-data/" rel="noopener noreferrer nofollow">Polygon ID</a>, first introduced in March 2022 and made freely available in March of the same year, is the first and only system to use these zero-knowledge proofs for off-chain documents. This allows users to submit their documents to smart contracts and engage with on-chain dapps, or decentralized applications. These zero-knowledge proofs not only confirm the document’s existence but also keep user information safe.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
 <div class="wp-block-embed__wrapper"> <iframe title="Polygon 🛠️ Polygon ID: issue your first credentials and verify on chain" width="1020" height="574" src="https://www.youtube.com/embed/4MAT91OHxpw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
 </div> 
</figure> 
<p>The partnership between Rarimo and Polygon ID shows a future where users can easily use documents from a range of sources, both on and off the blockchain, across many different systems and <a href="https://crypto.news/glossary/decentralized-applications-dapps/" data-type="URL" data-id="https://crypto.news/glossary/decentralized-applications-dapps/" rel="noopener noreferrer nofollow">dapps</a>. This also brings a concept of a future where users, not corporations like Meta and Google, are in control of their identities, making the process of checking identities safer and more private.</p> 
<p> Read more: <a href="https://crypto.news/polygon-launches-zkevm-bridge-allowing-quick-transactions/" rel="noopener noreferrer nofollow"> Polygon launches zkEVM bridge allowing quick transactions </a> </p>

Polygon ID becomes available on Ethereum after partnership with Rarimo

crypto.news

2023년 7월 21일에 게재된 다른 기사

Harnessing Blockchain Applications And Cryptocurrency-Based Cybersecurity Innovations

Ethereum Poised for Potential Breakthrough Amid Market Distraction

Lawsuit Document Reveals FTX Plan to Buy Nauru to Survive Cataclysm and Build Human Genetic Lab

Crypto Analyst Unveils Bitcoin’s Pre-Halving Insights: Is 2023 Special?

Unleashing the Potential of Web3: MetaBlox and its User-Centric Network Revolution

OpenAI’s ChatGPT Struggles: Researchers Stumped by Deteriorating Performance

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!