{"id":423989,"date":"2022-03-30T21:45:00","date_gmt":"2022-03-30T18:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/polygon-id-platform-seeks-to-enhance-self-agency-and-privacy-in-the-web3-space\/"},"modified":"2022-03-30T21:45:00","modified_gmt":"2022-03-30T18:45:00","slug":"polygon-id-platform-seeks-to-enhance-self-agency-and-privacy-in-the-web3-space","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/polygon-id-platform-seeks-to-enhance-self-agency-and-privacy-in-the-web3-space\/","title":{"rendered":"# Polygon ID platform seeks to enhance self-agency and privacy in the Web3 space"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41510497a62\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41510497a62\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/polygon-id-platform-seeks-to-enhance-self-agency-and-privacy-in-the-web3-space\/#%E2%80%9D_Polygon_ID_platform_seeks_to_enhance_self-agency_and_privacy_in_the_Web3_space_%E2%80%9C\" >&#8221; Polygon ID platform seeks to enhance self-agency and privacy in the Web3 space &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Polygon_ID_platform_seeks_to_enhance_self-agency_and_privacy_in_the_Web3_space_%E2%80%9C\"><\/span>&#8221; Polygon ID platform seeks to enhance self-agency and privacy in the Web3 space &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Layer-2 Ethereum scaling solution, Polygon (MATIC) has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.polygon.technology\/introducing-polygon-id-zero-knowledge-own-your-identity-for-web3\/?utm_source=Twitter-Main&amp;utm_medium=Tweet&amp;utm_campaign=Tier-1-announcement\">announced<\/a> the establishment of Polygon ID, an identity platform designed to complement the decentralized finance and decentralized <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication (DApp) economies by providing users greater privacy and sovereignty within Web3.<\/p>\n<p>Professed to be the first identity platform of its kind to adopt cryptographic-based zero-knowledge <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>, the platform will utilize Iden3\u2019s Circom ZK toolkit, including zk-SNARK cryptography for the generation and the zk-Proof Request Language protocol to verify the authenticity of the proposed claim.<\/p>\n<p>Users of the platform can provide proof of their identity when engaging in activities such as initial coin offerings, token airdrops, decentralized exchange (DEX) trading, or those in which strict Know Your Customer (KYC) requirements apply.<\/p>\n<p>With the capacity to introduce a Sybil-resistant one-vote-per-person mechanism, the use-cases can also expand beyond the DeFi sector, to the metaverse, gamify and nonfungible token (NFT) industries whereby asset authenticity is verified via on-chain, privatized claims.<\/p>\n<p>The team is expecting to deploy the public version of the ID wallet app during Q2 of 2022, alongside features such as \u201cClaims Issuance, Private Authentication, zk-Proof Generation and Verification,\u201d with the full platform release and accompanying SDK functionalities scheduled for the following quarter.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/70542392-1f13-4a11-beae-c109ae516c52.png\"><figcaption style=\"text-align: center;\">Source: Polygon<\/figcaption><\/figure>\n<p><strong><em>Related: Here&#8217;s how Polygon is challenging the limitations of Ethereum, as told by co-founder Sandeep Nailwal<\/em><\/strong><\/p>\n<p>In November 2021, Polygon made a concerted effort to expand its zero-knowledge proof development by pledging over $1 billion towards the technology, a sum that included\u00a0250 million MATIC tokens for startup firm Mir.<\/p>\n<p>On a video call with Cointelegraph, Rafal Nazarkiewicz, the product manager at Polygon Hermez and Polygon ID, shared exclusive insights into the technicalities and purported benefits of the technology for blockchain advocates and consumers, alike.<\/p>\n<p>Speaking on the importance of identity ownership within the Web3 space, Nazarkiewicz argued that &#8220;identity is fundamental for many use-cases within digital inclusion, and for the right to be recognized,&#8221; and that &#8220;in Web3, it&#8217;s supposed to be private by default and decentralized,&#8221; before affirming that none of the content of the claims, for example, their personal information, will be transacted or stored on-chain, only the proof of validity.<\/p>\n<p>The use-cases of identification systems are not wholly limited to on-chain activities, but can also be utilized in the interaction of traditional contract agreements, aNazarkiewicz reveals, such as &#8220;legal ownership for the propose of transfer of tokenized assets such as securities, intellectual property and land titles.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Keep personal details, personal.<\/p>\n<p>Introducing Polygon ID &#8211; a self-sovereign identity solution powered by zk cryptography.<\/p>\n<p>&#8211; Complete user-privacy<br \/>&#8211; Scalable on-chain verification<br \/>&#8211; Open attestation ecosystem <br \/> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/OwnYourIdentity?src=hash&amp;ref_src=twsrc%5Etfw\">#OwnYourIdentity<\/a><\/p>\n<p>TL;DR  [1\/7] <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/f5aFc5jRD7\">pic.twitter.com\/f5aFc5jRD7<\/a><\/p>\n<p>\u2014 Polygon | $MATIC  (@0xPolygon) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xPolygon\/status\/1508841855210852353?ref_src=twsrc%5Etfw\">March 29, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/polygon-id-platform-seeks-to-enhance-self-agency-and-privacy-in-the-web3-space\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Polygon ID platform seeks to enhance self-agency and privacy in the Web3 space &#8220; Layer-2 Ethereum scaling solution, Polygon (MATIC) has announced the establishment of Polygon ID, an identity platform designed to complement the decentralized finance and decentralized application (DApp) economies by providing users greater privacy and sovereignty within Web3. 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