- Partnership will lead to fully private login to prove ownership of an account balance
- Safe access to government systems to verify residence in a particular country
- Prove control over a specific gaming account without privacy risk
In spite of heightened awareness of privacy issues, prevalent KYC solutions continue to subject users to outdated and risky procedures exposing their private data. Verida and zkPass have joined forces to introduce an unparalleled level of privacy-preserving data verification to users in the Web3 ecosystem.
Privacy technology meets innovative zk proofs
The partnership brings together Verida's commitment to building a decentralized, privacy-focused technology stack with zkPass's innovative zero knowledge proof technology. Chris Were, CEO and co-founder of Verida, expressed his enthusiasm for the collaboration, stating:
From the outset, Verida has been focused on providing the necessary infrastructure to build a privacy-preserving, decentralized technology stack. zkPass' zero knowledge proof technology is another example of the innovation happening in this space, and we are thrilled to be supporting them with a Verida Mission.
Bing Jiang, Tech Lead of zkPass, echoed this sentiment, saying:
We're delighted to team up with Verida in our shared vision to enhance private data verification. Our technology, designed to offer secure and private authentication through cryptography technologies, complements Verida's commitment to privacy and decentralization. Together, we aim to redefine user experience in the digital space, where privacy and trust are not a choice but a standard.
Redefining digital authentication
At the core of this collaboration is zkPass's zero knowledge proof technology, which empowers users to securely log in to their favorite websites and provide private information without compromising their data. Examples of this authentication include logging into a web banking portal to prove ownership of an account balance exceeding $10,000, accessing government systems to verify residence in a particular country, or proving control over a specific gaming account.
The magic happens directly on the user's local device, where zkPass generates verifiable proofs. Once a proof is created, it is seamlessly sent to the user's Verida Wallet, ensuring a secure and private storage solution on the Verida Network. The proof, represented as a Polygon ID zero knowledge proof, can then be leveraged both on and off-chain.
The combination of Verida and zkPass technologies ensures that users can authenticate and verify their information with the utmost privacy, paving the way for a new era in digital interactions.
Decentralized identity: A cornerstone of privacy
Central to this partnership is the concept of decentralized identity. By utilizing zkPass and Verida technologies, users retain control over their personal information, eliminating the need for central authorities to manage and store sensitive data. Decentralized identity not only enhances privacy but also puts users in the driver's seat, allowing them to decide when and how their information is shared.
A bridge within the Web3 ecosystem
The Verida Wallet serves as the secure repository for zkPass proofs. By storing these proofs on the Verida Network, users can rest assured that their sensitive information is shielded from unauthorized access. The Verida Wallet acts as a bridge between the user's local device and the broader Web3 ecosystem, ensuring a seamless and secure authentication experience.
Benefits of Polygon zk proofs
The use of Polygon ID zero knowledge proofs adds an extra layer of security to the verification process. This cryptographic approach allows users to prove the authenticity of their information without revealing any details. It establishes a new standard for security in the Web3 space, where privacy and trust are not negotiable but fundamental.
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