Polygon’s zero-knowledge self-sovereign identity solution looks to provide privacy with assured authenticity.
Polygon Labs has spun off its Polygon ID service, which will now be known as Privado ID. As an independent entity, the protocol-agnostic service can now provide its self-sovereign identity control solution beyond the Polygon network.
Privado ID has uses such as proving humanity and uniqueness, thus complicating Sybil attacks, implementing airdrops and other incentives, trading on decentralized exchanges, and fulfilling compliance procedures like proof of age or Know Your Customer. It can also be used in traditional finance for the transfer of securities, intellectual property, land titles and similar tokenized assets.
Related: Are ZK-proofs the key to Europe’s new digital ID regulations?
