Wednesday, April 24, 2024
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KILT launches web3name to improve transparency of customer identity

KILT has announced the release of web3name, a tool for creating a unique name to represent a Customers digital identity. The new strategy would increase customers identity transparency without sacrificing the privacy associated with personal data.

KILT, a blockchain identity protocol built on the Polkadot network, introduces Web3name(w3n), a new type of digital credential that allows customers to represent their own digital identities. According to the announcement, the credentials stored on distributed ledgers will be permanent addresses that customers can access any time on the Polkadot ecosystem.

Web3name is not the same as a decentralised identifier that is represented by a unique string of numbers and letters while Web3name could be translated as simple letters like ingo, doso and so on. Users can create credentials by linking their email accounts or GitHub, Discord, Twitter, and other services using SocialKYC, an attestation service built on KILT.

According to KILT’s previous announcement, SocialKYC will not store users’ personal information in any centralised data centre.

“Unlike sign-in processes on the internet to date, SocialKYC then forgets about the user and the credential as soon as the credential is issued. The credential, the personal information, and the control remain with the user.”

W3n is viewed by the team as an improvement to how digital identities are processed on the blockchain. W3n does not replace, but rather supplements, a wallet address. A single w3n can connect to multiple addresses. Though only one w3n is linked to a single identity, one can create multiple identities – work identity, collator identity, and gaming identity – each with a unique w3name that can also be linked to traditional media platforms.

Collators and validators, in particular, can link their w3n to any of the addresses they choose, allowing them to be identified by their names rather than a string of numbers and letters commonly used to identify blockchain addresses.

Read more:

Uniswap boosts Web3 development through a new venture arm



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