Polygon Introduces web3 User IDs to Keep Personal Details Private

Quick take:

• Polygon launches a web3 solution that will allow users to complete identity verification by keeping their personal information anonymous.
• It will be powered by zero-knowledge cryptography that will provide users with the ultimate privacy.

Polygon ID, the network's zero-knowledge (ZK) digital identity platform, is expected to be ready by the end of the year. The company is developing the new ZK-proof identity solution to help users safeguard their privacy on blockchain-based Web3 platforms.  

At present, Polygon ID is under development. Polygon ID's on-chain capabilities will be leveraged by a set of tools, platform services, and examples that developers can use to learn, test, and integrate with their apps or dApps.

Polygon’s aim for ultimate privacy

Polygon’s vision is to provide the users with the ultimate control of their identities and information over any network.

Organizations and businesses are expected to use Polygon ID to manage identity and trust, such as KYC (Know Your Customer) and digital wallets. Users will be able to authenticate with different blockchain-based applications without the need to provide passwords or personal data to such applications individually. 

The Polygon ID offers extended privacy, especially while dealing with a third-party service. At present, you need to sign up and upload your documents for KYC verification for each service separately. 

Polygon aims to provide a single service that nullifies such formalities and simplifies the user experience. This means easier access, more privacy, and more users coming on board.

As per the details in the company timeline, the Polygon ID will be available in its total fledge by the third quarter of 2022.