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“Universal naming service is a fundamental component of widespread crypto adoption, and the SPACE ID team sits at the forefront of a cutting-edge version,” said Poylchain Capital investor Luke Pearson in the post. “By facilitating the union between identity, privacy, and sovereignty within Web3, SPACE ID allows users to retain
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Usernames and passwords are a staple of the modern internet, and almost every service out there uses this method as credentials for access. This has led to some notable issues — one being that the data must then be stored on private servers outside of a person’s control, and the
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Masa Finance has launched the first soulbound identity protocol for the Ethereum mainnet, according to a Jan. 17 press release shared with Cointelegraph. The protocol will allow for standardized soulbound tokens to be minted on Ethereum for Know Your Customer verification, credit scores and other use cases.Soulbound tokens are tokens
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Masa Finance has launched the first soulbound identity protocol for the Ethereum mainnet, according to a Jan. 17 press release shared with Cointelegraph. The protocol will allow for standardized soulbound tokens to be minted on Ethereum for Know Your Customer verification, credit scores and other use cases.Soulbound tokens are tokens
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Türkiye, formerly known as Turkey, plans to use blockchain technology for online public services logins. e-Devlet, Türkiye’s digital government portal used to access a wide range of public services, will use a blockchain-based digital identity to verify Turkish citizens during login.Cryptox Turkey reportedFuat Oktay, vice president of the Republic of
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However, with this change come new and growing concerns over security and access, as well as fundamental human-rights issues to consider. Realistically, if digital services are only going to become more and more common in regular life, making safe access to them is about more than just convenience – it’s
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The metaverse is coming for users at full speed. Companies and brands are jumping into digital reality, and according to a recent survey, consumer interest is climbing alongside all the activity.At the same time, as more users join in on metaverse activity, the risk grows for nefarious activity in digital reality.
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RNS.id, a digital Web3 identity platform developed to support the application and issuance of sovereignty-backed IDs, announced on Nov. 30 that it is integrating with zkSync for on-chain KYC. RNS.ID indicated in a release shared with Cointelegraph that its on-chain KYC solution is designed on a “privacy engine” to encrypt
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Twitter’s blue ticks are a fine example of the Byzantine Generals problem. The blue tick is meant to prove that the Twitter account actually is run by the person it claims to represent. So, for example, an account called “Joe Biden” has a blue tick to prove that it is
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Notebook Labs, a startup that aims to verify the identities of crypto users without compromising privacy, has raised $3.3 million in a seed funding round led by Bain Capital Crypto. The funds will go toward building out the development team, scaling the technology infrastructure and funding security audits for the
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