• Cardano's Prism has transitioned into Hyperledger Identus, an open-source framework for decentralized id purposes.
• IO Engineering and group builders preserve Identus, which helps merchandise like Midnight, RealFi, and Lace.
• Charles Hoskinson stresses that id ought to improve merchandise, not flip customers right into a product themselves.

Cardano founder Charles Hoskinson introduced that Prism has turn out to be Hyperledger Identus, a decentralized id framework. Hoskinson highlighted the significance of self-sovereign id (SSI), the place customers management their very own id with out being commodified by centralized entities.

Hyperledger Identus is an open-source id framework beneath the Apache2 license. Cardano's analysis wing, IO Engineering, is creating this id framework with group contributions. It kinds the spine for key Cardano merchandise like Midnight, RealFi, and Lace, which use it for his or her id wants. Hoskinson stated id ought to enhance the person expertise with out turning people into the product.

Hoskinson's remark aligns with Cardano's emphasis on decentralization. Frameworks like Identus are essential for blockchain tasks as a result of they permit customers to take care of management over their private information, guaranteeing privateness with out compromising product performance.

Hyperledger Identus Powers Midnight's Testnet Launch

Midnight, one of many merchandise constructed on Cardano that leverages Hyperledger Identus, has launched its public testnet.

Being a Cardano sidechain, Midnight combines information privateness together with blockchain transparency. It makes use of zero-knowledge cryptography to guard delicate information whereas guaranteeing regulatory compliance. The sidechain, designed to deal with privateness issues in decentralized purposes (dApps), additionally ensures regulatory compliance by way of zero -knowledge cryptography.

Mixed with Hyperledger Identus, Midnight can play a vital position in Cardano's ecosystem, offering important id administration companies. Concerning the launch, Hoskinson praised the event workforce, encouraging the group to acknowledge their efforts.

“It's price giving some love their manner.”

That stated, Cardano's concentrate on decentralized id, powered by Hyperledger Identus, is a step towards reshaping how id works within the digital age and creating safe and privacy-preserving decentralized purposes.

With merchandise like Midnight and RealFi already using this framework, the imaginative and prescient for self-sovereign id is changing into a actuality, guaranteeing that id stays within the fingers of customers, not companies.