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

November 14, 2024
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ICP identity protocol DecideID to launch on Solana eliminating any KYC need for DeFi

DecideAI has introduced the mixing of its biometric identification verification resolution, DecideID, into the Solana blockchain, aiming to boost safety and belief inside 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 normal in identification verification throughout the blockchain house. The Solana integration is only the start, and we anticipate a big surge in person progress and adoption”

The mixing is predicted to handle longstanding vulnerabilities in Solana’s airdrop ecosystem, which has beforehand been inclined 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 truthful token distributions.

Solana builders will now have the chance to leverage DecideID’s identification verification instruments to boost the integrity of decentralized purposes. That is notably vital for DeFi initiatives, the place making certain that transactions are performed by actual and distinctive people provides a vital layer of belief. The expertise analyzes facial motion, depth, and micro-expressions to verify person authenticity, using Zero-Information proofs to guard private information through the verification course of.

Based on DecideAI, the mixing 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 expertise doesn’t require any Know-Your-Buyer procedures or documentation, making it a simple and fast scan for customers.”

The mixing is at present within the testing section and is predicted to be absolutely launched earlier than the tip of the yr. 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 truthful 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 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 purposes. By stopping malicious actions and making certain safe interactions, it contributes to a extra clear and truthful blockchain surroundings.

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. By way of its ecosystem comprising Determine Protocol, DecideID, and Determine Cortex, the corporate seeks to democratize entry to AI assets 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 akin to 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 information assortment.

Proof of Humanity combines video verification with group endorsement to ascertain distinctive identities on the Ethereum blockchain. It goals to facilitate truthful distribution in Common Fundamental Revenue initiatives.

Idena employs AI-resistant duties known as “flips” to make sure every node in its community represents a novel human, enhancing decentralization and resistance to Sybil assaults.

CorePass, on the Core Blockchain community, permits customers to confirm and tokenize credentials akin to passports, driving licenses, emails, and names. Information can then be offered to dApps, permitting customers to appreciate the worth of their information as a substitute of giving it away totally free.

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

These initiatives, like DecideID, showcase how blockchain can handle challenges akin to fraudulent actions and truthful useful resource distribution in digital ecosystems, however every takes a special strategy to stability safety, privateness, and person expertise.

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