Leading blockchain infrastructure, Polygon unveiled a Polygon ID, a decentralized identity infrastructure stack that will solve the digital trust issue currently present in the DeFi space.
Under an open-source license, the Polygon ID solution will allow developers to fill blockchain space with self-sovereign, decentralized, and private identity solutions for users.
The Polygon ID leverages zero-knowledge proofs to interact with smart contracts, which requires off-chain credentials. It includes a diploma certificate, driver’s license, or national ID. In the process, Polygon claims that no third party can access users’ data and their privacy will stay safe.
The public release adds four new tools to the Polygon ID Toolset:
- Verifier SDK (for verifiers)
- Issuer Node (for issuers)
- Wallet SDK (for wallet builders)
- Wallet App (for devs and end users)
Through the Polyon ID infrastructure stack, “anyone can become an issuer (e.g., KYC providers, DAOs, etc.), verifier (e.g., dApps) or holder (i.e., users) of a Web3 identity,” the blog post states.
Moreover, users can do passwordless login to fortify themselves against hackers. Apart from this, features like reusable credentials and composable reputation will enhance the user’s experience.
Adding new tools will allow developers to incorporate decentralized identity into their applications.
The launch will help developers to unlock new use cases in Decentralized Autonomous Organizations (DAOs) and Decentralized Finance (DeFi).
Polygon released the Polygoin ID before the Polygon zkEVM Mainnet Beta launch scheduled for March 27.
