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

November 14, 2024
in Web3
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DecideAI has introduced the mixing 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, guaranteeing 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 customary in id verification throughout the blockchain house. The Solana integration is just the start, and we anticipate a big surge in person progress and adoption”

The mixing is predicted to deal with longstanding vulnerabilities in Solana’s airdrop ecosystem, which has beforehand been prone to Sybil assaults and botting. By verifying actual customers via 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 purposes. That is significantly important for DeFi initiatives, the place guaranteeing that transactions are performed by actual and distinctive people provides a vital layer of belief. The expertise analyzes facial motion, depth, and micro-expressions to substantiate person authenticity, using Zero-Data proofs to guard private information throughout the verification course of.

In keeping with DecideAI, the mixing will,

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

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

The mixing is at the moment within the testing part and is predicted to be totally launched earlier than the tip of the 12 months. Upon launch, Solana customers will be capable to hyperlink their wallets, take part in airdrops, and confirm their personhood with out intensive documentation. DecideAI can 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 expertise, which permits for seamless protocol-level integration with different blockchains. The Web Laptop (ICP) acts as a robust 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 purposes. By stopping malicious actions and guaranteeing safe interactions, it contributes to a extra clear and honest blockchain atmosphere.

Per the latest 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 means of its ecosystem comprising Determine Protocol, DecideID, and Determine Cortex, the corporate seeks to democratize entry to AI sources 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 akin to 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 information assortment.

Proof of Humanity combines video verification with group endorsement to determine distinctive identities on the Ethereum blockchain. It goals to facilitate honest distribution in Common Primary Revenue initiatives.

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

CorePass, on the Core Blockchain community, permits customers to confirm and tokenize credentials akin to passports, driving licenses, emails, and names. Information can then be offered to dApps, permitting customers to understand the worth of their information as a substitute of giving it away without spending a dime.

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

These initiatives, like DecideID, showcase how blockchain can tackle challenges akin to fraudulent actions and honest useful resource distribution in digital ecosystems, however every takes a unique strategy to stability safety, privateness, and person expertise.

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Tags: DecideIDDeFieliminatingICPIdentityKYCLaunchProtocolSolana
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