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bitcoin
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tether
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    Polygon ID turns into out there on Ethereum after partnership with Rarimo

    Latest News

    Crypto.information – Interoperability protocol Rarimo has partnered with Polygon ID, enabling using its verifiable credential infrastructure throughout a number of blockchains.

    Rarimo, a software that helps totally different blockchains speak to one another, has joined forces with Polygon ID, a system for checking identities, to make their identity-checking instruments out there throughout many various blockchains, turning Polygon ID right into a multi-chain software.

    Polygon ID had beforehand allowed id checks solely on the blockchain the place they had been first arrange. For instance, if you happen to made your ID on Polygon, you couldn’t apply it to (ETH), that means customers needed to make a brand new ID for every blockchain. However now, with this partnership, IDs made on Polygon (MATIC) can be utilized on Ethereum. Different blockchains like BNB Chain (BNB) and (AVAX) are additionally anticipated to hitch this record quickly.

    Polygon ID makes use of Self-Sovereign Id (SSI), which permits establishments like banks or governments to difficulty necessary paperwork like college levels or driving licenses. Customers can hold these paperwork in non-public digital wallets and select when and the place to indicate them. A technique known as zero-knowledge proof is used that permits customers to show they’re who they are saying they’re with out revealing non-public data.

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    Polygon ID, first launched in March 2022 and made freely out there in March of the identical 12 months, is the primary and solely system to make use of these zero-knowledge proofs for off-chain paperwork. This permits customers to submit their paperwork to good contracts and have interaction with on-chain dapps, or decentralized functions. These zero-knowledge proofs not solely affirm the doc’s existence but additionally hold consumer data protected.

    The partnership between Rarimo and Polygon ID exhibits a future the place customers can simply use paperwork from a spread of sources, each on and off the blockchain, throughout many various programs and dapps. This additionally brings an idea of a future the place customers, not companies like Meta and Google (NASDAQ:), are in charge of their identities, making the method of checking identities safer and extra non-public.

    This text was initially printed on Crypto.information

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