Trident3 has lately built-in the peer-to-peer digital id resolution T3id with LayerZero. This collaboration will let customers shortly establish themselves throughout over 70 blockchains linked by LayerZero’s infrastructure.
“Peer-to-peer id verification merely means I can confirm who’s on the opposite finish of a transaction, or I can confirm I’m getting an e mail from an entity, and I’m solely opening that as a result of it’s been verified that it’s actually that entity,” shared Steve Goldstein, CEO at Trident3, with Crypto Briefing. “After which if you layer in our information resolution, the advantage of this partnership with LayerZero is the 70-plus blockchains that they accomplice with.”
The T3id is a non-fungible token (NFT) that’s each unsellable and untransferable, which ties it to a pockets and makes an id distinctive. Customers will be capable of use the identical id in several blockchains by a mannequin of “lock and mint,” consisting of locking the unique NFT in a wise contract and minting an equal in one other community.
Simon Baksys, Vice President of Enterprise Improvement at LayerZero Labs, mentioned that the Trident3 efforts to mitigate on-chain dangers and introduce an extra layer of digital id is “a incredible use case.”
“A part of the explanation why we’re collaborating right here is we’re agency believers of assembly the consumer the place they’re. What which means from a digital id perspective is taking this T3id token and making it accessible to all ecosystems, all customers that want it and wish it,” added Baksys.
Notably, Goldstein said that the utility of the T3id goes past safety points, permitting entities to establish actual customers. In the meantime, the NFT holders will be capable of select which info they wish to share on-chain.
“The NFT sits within the pockets after which a consumer chooses their title, after which it’s as much as him what info he desires to add, to authenticate himself. He can add a photograph, he can add his passport, his driver’s license. He can add any of those certificates to authenticate himself,” defined Goldstein.
Subsequently, whereas T3id goals to unravel the digital id problem by giving Web3 customers a clean solution to be recognized on-chain, it additionally retains them protected by avoiding oversharing info.
“You’re at all times going to have a share of those that wish to stay in that decentralized world the place they wish to keep hidden, that’s wonderful. However wherever that folks need transparency, consolation and assurance of really understanding who’s on the opposite finish earlier than they try this transaction. That’s why T3id is so essential, it’s a fully new approach to take a look at id simply to confirm,” concluded Goldstein.
