TL;DR
Galxe Id Protocol is paving the way in which for privateness preserving ‘one-click join’ processes throughout all internet platforms (from banks, to social platforms, and past).
Full Story
We’ve talked about zk-proofs within the context of economic transactions a BUNCH of late…
Zk-proofs are the ‘buddy in widespread’ of the crypto world.
What does that imply?
Say you’re searching for a brand new roommate → you publish on an area Fb group → somebody replies…
Your first transfer? Verify to see you probably have any buddies in widespread that you should utilize to vet your new potential co-habitant.
You possibly can ask your ‘buddy in widespread’ — “Hey, is that this particular person going to try to homicide me in my sleep? (Trigger I can’t have that taking place…not once more).”
And your buddy in widespread may give a binary sure/no reply.
Zk-proofs let platforms ask financially related questions like “Is that this particular person over X age? Have they got good credit score?” — getting sure/no solutions in return (whereas preserving the person’s precise D.O.B. and credit score rating personal).
…which is cool and all — however what if this tech grew past the crypto-financial area of interest?
Appears like we’re about to search out out due to the Galxe Id Protocol, which goals to make zk-proofs an ordinary throughout the broader internet.
Right here’s why that’s related to you:
This might flip each join web page right into a one-click expertise.
Whether or not its for a brand new checking account (the place you’re required to offer picture I.D, a social safety quantity, D.O.B, and residential handle), or social platform (the place you’re usually prompted for a full title, e mail, and D.O.B.)…
Zk-proofs would let you present all of it in a one-time verification course of, and from there on out simply ‘click on to confirm’ (whereas preserving your privateness) any time you join one thing on-line.
Oh, and added bonus: it’d just about imply the tip of widespread id theft.
Godspeed Galxe.