Protecting User Privacy in Blockchain-based Applications with Polygon ID

03/02/2023 20:15 • Daily Digest • 88 views

It is reported that Polygon has released a Web3 identity service called Polygon ID, which will allow blockchain-based applications to verify user credentials without disclosing personal information. This product can verify user data of blockchain applications while maintaining privacy on the chain; It uses zero-knowledge proof, which can verify data while encrypting data and hiding it from the verifier.

Polygon publishes a Web3 identity service named Polygon ID

Interpretation of the news:

Blockchain technology is transforming how businesses operate by providing a distributed, secure, and efficient way of recording and verifying transactions. It has also opened up new opportunities for individuals to interact and transact with each other, from transferring funds to buying and selling digital assets. However, as more applications move to the blockchain, concerns around user privacy have become increasingly significant. The blockchain is designed to be transparent, which means that any data stored on it is visible to anyone with access to the network. This data transparency can result in breaches of personal data, leading to identity theft and other cyberattacks.

To address these concerns, Polygon has released an innovative Web3 identity service called Polygon ID. This service allows blockchain-based applications to verify user credentials without disclosing personal information. Polygon ID can verify user data of blockchain applications while maintaining privacy on the chain. It uses zero-knowledge proof, which can verify data while encrypting data and hiding it from the verifier.

Zero-knowledge proof is a cryptographic technique that allows a party to prove to another that a statement is true, without revealing any sensitive information. It works by creating a mathematical proof that a specific statement is true, using information that is kept secret from the other party. The other party can then verify the proof without knowing the underlying data. In the context of Polygon ID, zero-knowledge proof is used to verify user credentials without revealing any personal data stored on the blockchain.

Polygon ID’s zero-knowledge proof technology offers several benefits. Firstly, it enables users to maintain their privacy while using blockchain-based applications. Users can be assured that their data is secure and protected, reducing the risk of identity theft and other cyberattacks. Secondly, it provides developers with a simple and easy-to-use API for integrating identity verification into their applications. This integration allows developers to focus on delivering value to their users rather than worrying about identity verification.

In conclusion, Polygon ID is a significant step in protecting user privacy in blockchain-based applications. Its use of zero-knowledge proof technology creates a secure, private, and efficient way of verifying user identities without compromising sensitive information. The benefits of Polygon ID are clear, and it has the potential to become a leading identity verification solution in the Web3 ecosystem.

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Protecting User Privacy in Blockchain-based Applications with Polygon ID

Polygon publishes a Web3 identity service named Polygon ID

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