Blockchain
Manta Community, a layer-1 blockchain operating on Polkadot, has teamed up with Linea, a rollup-based scaling resolution, to supply customers zero-knowledge soulbound tokens (zkSBT).
As a result of inherent transparency of open blockchains, the group at Manta was to handle one of many essential issues of cryptocurrency initiatives immediately, privateness.
“The issue we try to sort out right here is in order that verification is barely restricted to sure on-chain actions, moderately than share all information to an app,” Manta Community co-founder Victor Ji instructed Decrypt.
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He added that customers gained’t want to finish know-your-customer screenings, as a substitute verifying their id utilizing Manta’s zkSBT resolution.
Souldbound Tokens have been first proposed by Ethereum co-founder Vitalik Buterin. They fucntion very similar to an NFT, besides they’ll’t be traded and are tied to the id of an individual or an entty. They is also used for medical information or certificates.
Customers will have the ability to mint the brand new zkSBTs beginning immediately via Manta Community’s NFT Non-public Choices (NPO) platform, so long as they’ve accomplished one among two Linea NFT campaigns.
These zkSBT’s will “provide customers a decentralized, trustless, and personal method to confirm their actual identities with out compromising any info or information leakage about their on-chain exercise,” the businesses stated in a press release.
The modern tokens will use Linea’s zkPioneer–alongside a singular Manta innovation referred to as Proof Key–to allow any Web2 or Web3 software (cellular or desktop) to confirm person’s info without having to connect with a pockets.
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“We predict cellular customers have the biggest [daily active users], however have the worst expertise in crypto now, and we will allow them with out a want to attach wallets to confirm their on-chain and off-chain credentials” stated Ji, stating the group’s essential focus is socialFi and GameFi.
The dangers are minimal, added Ji in an unique dialog with Decrypt, acknowledging customers might need “non-public information leakage” though their belongings on EVM addresses will nonetheless be secure.
Whether or not full digital privateness is feasible in immediately’s web atmosphere is a broad dialogue, however Ji thinks it’s “not wanted.” The necessity, in accordance with him, is moderately for “nice UX for sure privateness use instances moderately than a totally non-public sensible contract platform with horrible interoperability.”
