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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 combination of its biometric identification verification resolution, DecideID, into the Solana blockchain, aiming to reinforce safety and belief throughout the ecosystem. This transfer introduces Proof-of-Personhood (PoP) capabilities to Solana, making certain 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 customary in identification verification throughout the blockchain area. The Solana integration is just the start, and we anticipate a big surge in person development and adoption”

The combination is anticipated to deal with longstanding vulnerabilities in Solana’s airdrop ecosystem, which has beforehand been prone to Sybil assaults and botting. By verifying actual customers by means of 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 identification verification instruments to reinforce the integrity of decentralized functions. That is significantly vital for DeFi tasks, the place making certain that transactions are performed by actual and distinctive people provides an important layer of belief. The know-how 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 combination will,

“Add a layer of belief in lending, staking, and yield farming by making certain that solely actual and distinctive people are behind transactions.

Moreover, DecideID’s AI facial recognition know-how doesn’t require any Know-Your-Buyer procedures or documentation, making it a straightforward and fast scan for customers.”

The combination is at present within the testing section and is anticipated to be totally launched earlier than the tip of the 12 months. Upon launch, Solana customers will be capable to hyperlink their wallets, take part in airdrops, and confirm their personhood with out intensive documentation. DecideAI can 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 know-how, 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 companies 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 making certain safe interactions, it contributes to a extra clear and honest blockchain atmosphere.

Per the latest announcement, DecideAI’s mission extends past identification verification. It goals to reshape the panorama of huge language fashions by prioritizing high quality, collaboration, and possession. Via 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 issues over biometric knowledge assortment.

Proof of Humanity combines video verification with group endorsement to determine distinctive identities on the Ethereum blockchain. It goals to facilitate honest distribution in Common Fundamental Revenue 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. Knowledge can then be offered to dApps, permitting customers to comprehend the worth of their knowledge as a substitute of giving it away free of charge.

Anima Protocol offers decentralized identification companies on the BNB Chain, specializing in privateness whereas verifying person authenticity.

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

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Tags: DecideIDDeFieliminatingICPIdentityKYClaunchProtocolSolana
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