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

November 15, 2024
in Web3
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DecideAI has introduced the mixing of its biometric id verification answer, DecideID, into the Solana blockchain, aiming to reinforce safety and belief inside 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 commonplace in id verification throughout the blockchain area. The Solana integration is only the start, and we anticipate a big surge in person progress and adoption”

The combination is predicted to handle longstanding vulnerabilities in Solana’s airdrop ecosystem, which has beforehand been prone to Sybil assaults and botting. By verifying actual customers by AI-driven facial recognition and liveness detection applied sciences, DecideID goals to forestall 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 functions. That is significantly important for DeFi tasks, the place guaranteeing that transactions are carried out by actual and distinctive people provides an important layer of belief. The expertise analyzes facial motion, depth, and micro-expressions to verify person authenticity, using Zero-Information proofs to guard private knowledge in the course of the verification course of.

In line 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 simple and fast scan for customers.”

The combination is at present within the testing section and is predicted to be absolutely launched earlier than the tip of the 12 months. Upon launch, Solana customers will be capable of hyperlink their wallets, take part in airdrops, and confirm their personhood with out in depth documentation. DecideAI can also 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 growth is facilitated by the Web Pc’s Chain Fusion expertise, which permits for seamless protocol-level integration with different blockchains. The Web Pc (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 functions. By stopping malicious actions and guaranteeing safe interactions, it contributes to a extra clear and honest blockchain setting.

Per the current 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 way 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 reminiscent of 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 knowledge assortment.

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

Idena employs AI-resistant duties known 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 reminiscent of passports, driving licenses, emails, and names. Information can then be offered to dApps, permitting customers to understand the worth of their knowledge as an alternative of giving it away at no cost.

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

These tasks, like DecideID, showcase how blockchain can deal with challenges reminiscent of fraudulent actions and honest useful resource distribution in digital ecosystems, however every takes a unique strategy to steadiness safety, privateness, and person expertise.

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Tags: DecideIDDeFieliminatingICPIdentityKYCLaunchprotocolSolana
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