Polygon launches web3 identification service using zero-knowle | CryptoExplorer ✪

Polygon launches web3 identification service using zero-knowledge proofs
Polygon, the Ethereum sidechain, released a web3 identification service called Polygon ID that will allow blockchain-based applications to authenticate user credentials without compromising personal information. Polygon-based crypto and NFT projects such as Kaleido, Fractal and Collab.Land, have already shown support for Polygon ID, which is accompanied with a developer toolkit. The offering can verify user data for blockchain apps while maintaining privacy on-chain; it uses zero-knowledge proofs, which can authenticate data while keeping it encrypted and hidden from the verifying party. Polygon ID could be beneficial in compliance use cases such as the "Know Your Client" process required for centralized exchanges, permissioned DeFi platforms, as well as fiat payments for on-ramp and off-ramp. It works alongside Polygon's wallet. Read more