TL;DR
Galxe Id Protocol is paving the best way 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 monetary transactions a BUNCH of late…
Zk-proofs are the ‘good friend in frequent’ of the crypto world.
What does that imply?
Say you’re searching for a brand new roommate → you publish on a neighborhood Fb group → somebody replies…
Your first transfer? Examine to see in case you have any pals in frequent that you should use to vet your new potential co-habitant.
You may ask your ‘good friend in frequent’ — “Hey, is that this individual going to attempt to homicide me in my sleep? (Trigger I can’t have that occuring…not once more).”
And your good friend in frequent can provide a binary sure/no reply.
Zk-proofs let platforms ask financially related questions like “Is that this individual over X age? Have they got good credit score?” — getting sure/no solutions in return (whereas holding the person’s actual D.O.B. and credit score rating non-public).
…which is cool and all — however what if this tech grew past the crypto-financial area of interest?
Appears like we’re about to seek 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 supply picture I.D, a social safety quantity, D.O.B, and residential deal with), or social platform (the place you’re usually prompted for a full title, e mail, and D.O.B.)…
Zk-proofs would can help 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 top of frequent identification theft.
Godspeed Galxe.