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Home Web3

ICP identification protocol DecideID to launch on Solana eliminating any KYC want for DeFi

November 19, 2024
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ICP identification protocol DecideID to launch on Solana eliminating any KYC want for DeFi
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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, guaranteeing 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 area. The Solana integration is just the start, and we anticipate a big surge in consumer progress and adoption”

The combination is anticipated to handle longstanding vulnerabilities in Solana’s airdrop ecosystem, which has beforehand been vulnerable to Sybil assaults and botting. By verifying actual customers via 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 boost the integrity of decentralized functions. That is significantly vital for DeFi tasks, the place guaranteeing that transactions are carried out by actual and distinctive people provides a vital layer of belief. The expertise analyzes facial motion, depth, and micro-expressions to substantiate consumer authenticity, using Zero-Information proofs to guard private knowledge throughout the verification course of.

Based on DecideAI, the mixing will,

“Add a layer of belief in lending, staking, and yield farming by guaranteeing 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 combination is at the moment within the testing part and is anticipated to be totally launched earlier than the top of the yr. Upon launch, Solana customers will be capable of hyperlink their wallets, take part in airdrops, and confirm their personhood with out intensive 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 honest 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 providers 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 guaranteeing safe interactions, it contributes to a extra clear and honest blockchain atmosphere.

Per the current 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 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 similar 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 considerations 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 Primary Revenue tasks.

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 similar to passports, driving licenses, emails, and names. Information can then be offered to dApps, permitting customers to appreciate the worth of their knowledge as an alternative of giving it away without cost.

Anima Protocol gives decentralized identification providers on the BNB Chain, specializing in privateness whereas verifying consumer authenticity.

These tasks, like DecideID, showcase how blockchain can tackle challenges similar to fraudulent actions and honest useful resource distribution in digital ecosystems, however every takes a special method to stability safety, privateness, and consumer expertise.

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