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Manta Community, a layer-1 blockchain operating on Polkadot, has teamed up with Linea, a rollup-based scaling answer, to supply customers zero-knowledge soulbound tokens (zkSBT).
Because of the inherent transparency of open blockchains, the crew at Manta was to deal with one of many predominant considerations of cryptocurrency initiatives at this time, 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 informed Decrypt.
He added that customers gained’t want to finish know-your-customer screenings, as a substitute verifying their id utilizing Manta’s zkSBT answer.
Souldbound Tokens had 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 may be used for medical information or certificates.
Customers will be capable to mint the brand new zkSBTs beginning at this time by way of Manta Community’s NFT Non-public Choices (NPO) platform, so long as they’ve accomplished one in all two Linea NFT campaigns.
These zkSBT’s will “provide customers a decentralized, trustless, and personal approach 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 progressive tokens will use Linea’s zkPioneer–alongside a singular Manta innovation known as Proof Key–to allow any Web2 or Web3 utility (cell or desktop) to confirm person’s info with no need to hook up with a pockets.
“We predict cell customers have the biggest [daily active users], however have the worst expertise in crypto now, and we will allow them and not using a want to attach wallets to confirm their on-chain and off-chain credentials” stated Ji, stating the crew’s predominant focus is socialFi and GameFi.
The dangers are minimal, added Ji in an unique dialog with Decrypt, acknowledging customers might need “personal information leakage” though their belongings on EVM addresses will nonetheless be secure.
Whether or not full digital privateness is feasible in at this time’s web surroundings is a broad dialogue, however Ji thinks it’s “not wanted.” The necessity, in line with him, is moderately for “nice UX for sure privateness use instances moderately than a completely personal sensible contract platform with horrible interoperability.”
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