There’s IdentityLayer, a brand new protocol launched by billions of networks, taking basic steps to alter how digital id is verified. The system makes use of fashionable encryption and real-time verification, offering privateness with out the necessity for the info you want, like a authorities ID, and has been developed to make sure that it doesn’t exceed belief.
Zero information proof on the core of id verification
IdentityLayer depends on Zero Information Proof (ZKPS). This can be a cryptographic system that enables one facet to show its id with out revealing private info. First talked about in peer-reviewed literature within the Nineteen Eighties, this design has change into the present privateness protect for blockchain-based and decentralized programs. This protocol permits customers to authenticate a number of statements (e.g. I’m a validated person and am of the best age). This technique is especially helpful for growing a market with a a lot larger proportion of cellular customers in comparison with the variety of desktop customers. Fintech, e-commerce and social networking are among the many industries that may purchase lots of this light-weight and privacy-focused verification mannequin.
AI-Human Hybrid Examine to cease fraud.
Though the system is predicated on encryption, IdentityLayer features a hybrid AI human verification system to establish and remove fraud. This multilayered method addresses issues about deepfake id, artificial fraud, and potential exploits in zero-knowledge programs. Current business analysis into AI-AIDED fraud prevention has documented that hybrid verification fashions can assist considerably scale back false positives with out compromising excessive privateness requirements. Current blockchain exploits reveal vulnerabilities in purely encryption-based id options. IdentityLayer mitigates this risk utilizing encryption and dwell verification, dynamic belief scoring, and a steady replace structure.
A broader imaginative and prescient of digital id
The way in which billions of networks use is greater than only a validation of customers. The corporate sees a digital surroundings the place people and AI programs can belief one another with out risking that delicate info falls into the arms of centralized companies or third-party brokers. Though it distributes id, it makes particular person privateness so strict, the IDINTION layer represents an alternative choice to conventional constructions which can be liable to huge knowledge breaches, together with the 2023 case, revealing tens of millions of information from main credit score bureaus.
