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ICP identity protocol DecideID to launch on Solana eliminating any KYC need for DeFi

by Catatonic Times
December 4, 2024
in Web3
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DecideAI has introduced the combination of its biometric id verification resolution, DecideID, into the Solana blockchain, aiming to reinforce safety and belief throughout the ecosystem. This transfer introduces Proof-of-Personhood (PoP) capabilities to Solana, making certain that customers are verified as distinctive people with out the necessity for conventional Know-Your-Buyer procedures.

Raheel Govindji, founder and CEO of DecideAI, commented,

“DecideID is positioned to set a brand new commonplace in id verification throughout the blockchain house. The Solana integration is just the start, and we anticipate a major surge in consumer progress and adoption”

The combination is anticipated to handle longstanding vulnerabilities in Solana’s airdrop ecosystem, which has beforehand been inclined to Sybil assaults and botting. By verifying actual customers by AI-driven facial recognition and liveness detection applied sciences, DecideID goals to stop fraudulent actions and guarantee honest token distributions.

Solana builders will now have the chance to leverage DecideID’s id verification instruments to reinforce the integrity of decentralized functions. That is notably vital for DeFi tasks, the place making certain that transactions are performed by actual and distinctive people provides an important layer of belief. The know-how analyzes facial motion, depth, and micro-expressions to substantiate consumer authenticity, using Zero-Information proofs to guard private knowledge throughout the verification course of.

In accordance with DecideAI, the combination will,

“Add a layer of belief in lending, staking, and yield farming by making certain that solely actual and distinctive people are behind transactions.

Moreover, DecideID’s AI facial recognition know-how doesn’t require any Know-Your-Buyer procedures or documentation, making it a simple and fast scan for customers.”

The combination is presently within the testing section and is anticipated to be absolutely launched earlier than the top of the yr. Upon launch, Solana customers will be capable to hyperlink their wallets, take part in airdrops, and confirm their personhood with out in depth documentation. DecideAI can also be in discussions with a number of Solana-based DeFi and NFT platforms that plan to undertake DecideID for enhanced safety and honest governance participation.

This improvement is facilitated by the Web Laptop’s Chain Fusion know-how, which permits for seamless protocol-level integration with different blockchains. The Web Laptop (ICP) acts as a strong general-purpose blockchain and Web3 platform, enabling DecideID to increase its providers past Solana with potential future integrations into networks like Ethereum.

DecideID reportedly has already verified over 14,000 distinctive customers and goals to foster belief and accountability in decentralized functions. By stopping malicious actions and making certain safe interactions, it contributes to a extra clear and honest blockchain atmosphere.

Per the current announcement, DecideAI’s mission extends past id verification. It goals to reshape the panorama of huge language fashions by prioritizing high quality, collaboration, and possession. By its ecosystem comprising Resolve Protocol, DecideID, and Resolve Cortex, the corporate seeks to democratize entry to AI assets whereas rewarding contributors and setting new requirements for open-source collaboration.

Proof of personhood protocols on the rise

This integration locations DecideID amongst notable Proof-of-Personhood initiatives reminiscent of World, Proof of Humanity, Idena, CorePass, and Anima Protocol.

World (previously Worldcoin,) based by Sam Altman, makes use of iris scans to generate distinctive identifiers for people, although it has confronted privateness considerations over biometric knowledge assortment.

Proof of Humanity combines video verification with group endorsement to ascertain distinctive identities on the Ethereum blockchain. It goals to facilitate honest distribution in Common Fundamental Earnings tasks.

Idena employs AI-resistant duties referred to as “flips” to make sure every node in its community represents a novel human, enhancing decentralization and resistance to Sybil assaults.

CorePass, on the Core Blockchain community, permits customers to confirm and tokenize credentials reminiscent of passports, driving licenses, emails, and names. Information can then be offered to dApps, permitting customers to appreciate the worth of their knowledge as a substitute of giving it away at no cost.

Anima Protocol gives decentralized id providers on the BNB Chain, specializing in privateness whereas verifying consumer authenticity.

These tasks, like DecideID, showcase how blockchain can deal with challenges reminiscent of fraudulent actions and honest useful resource distribution in digital ecosystems, however every takes a special strategy to steadiness safety, privateness, and consumer expertise.

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Tags: DecideIDDeFieliminatingICPidentityKYCLaunchprotocolSolana
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