ICP ID protocol DecideID launches on Solana, eliminating the necessity for KYC in DeFi

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DecideAI introduced the combination of DecideID, a biometric identification verification answer, into the Solana blockchain with the goal of enhancing safety and belief inside the ecosystem. This transfer introduces Proof-of-Particular person (PoP) performance to Solana, guaranteeing customers are authenticated as distinctive people with out the necessity for conventional know-your-customer steps.

Raheel Govindji, Founder and CEO of DecideAI, commented:

“DecideID is positioned to set a brand new normal for identification verification throughout the blockchain house. The Solana integration is just the start, however we anticipate consumer development and adoption to extend considerably.”

The mixing is anticipated to deal with long-standing vulnerabilities in Solana's airdrop ecosystem, which has beforehand been vulnerable to Sybil assaults and bots. DecideID goals to stop fraud and guarantee honest token distribution by verifying actual customers via AI-powered facial recognition and liveness detection expertise.

Solana builders will now have the ability to leverage DecideID's identification verification instruments to strengthen the integrity of their decentralized functions. That is particularly necessary for DeFi tasks, the place guaranteeing that transactions are carried out by actual, distinctive people provides an necessary layer of belief. The expertise analyzes facial actions, depth, and microexpressions to substantiate consumer authenticity and makes use of zero-knowledge proofs to guard private information throughout the verification course of.

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In keeping with DecideAI, this integration:

“We add a layer of belief to lending, staking, and yield farming by guaranteeing there are solely actual, distinctive people behind the transactions.

Moreover, DecideID's AI facial recognition expertise requires no buyer verification steps or documentation, making it simple and fast for customers to scan. ”

This integration is presently within the testing section and is anticipated to be absolutely launched by the tip of the yr. As soon as launched, Solana customers will have the ability to hyperlink their wallets, take part in airdrops, and confirm their identification with out in depth documentation. DecideAI can also be in talks with a number of Solana-based DeFi and NFT platforms that plan to undertake DecideID for enhanced safety and participation in honest governance.

This growth is facilitated by Web Pc Chain Fusion expertise, which allows seamless protocol-level integration with different blockchains. The Web Pc (ICP) serves as a robust general-purpose blockchain and Web3 platform, permitting DecideID to increase its providers past Solana and combine into networks similar to Ethereum sooner or later.

DecideID has already verified over 14,000 distinctive customers and reportedly goals to foster belief and accountability in decentralized functions. It contributes to a extra clear and honest blockchain atmosphere by stopping malicious exercise and guaranteeing safe interactions.

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In keeping with latest bulletins, DecideAI's mission extends past identification verification. We goal to reshape the panorama of language fashions at scale by prioritizing high quality, collaboration, and possession. By way of its ecosystem consisting of Resolve Protocol, DecideID, and Resolve Cortex, the corporate goals to democratize entry to AI sources whereas rewarding contributors and setting new requirements for open supply collaboration.

Identification verification protocols are 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, however has confronted privateness issues over the gathering of biometric information.

Proof of Humanity combines video verification and neighborhood approval to ascertain a novel identification on the Ethereum blockchain. It goals to advertise honest distribution in common fundamental earnings tasks.

Idena employs an AI-resistant process known as “flip” to make sure that every node within the community represents a novel particular person, growing decentralization and resistance to Sybil assaults.

CorePass on the Core Blockchain community permits customers to confirm and tokenize credentials similar to passports, driver's licenses, emails, names, and extra. Knowledge can then be offered to dApps, permitting customers to understand the worth of their information as a substitute of giving it away totally free.

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Anima Protocol gives a decentralized identification service on the BNB chain that focuses on privateness whereas validating consumer authenticity.

These tasks, similar to DecideID, show how blockchain can tackle challenges similar to fraud and honest useful resource distribution in digital ecosystems, whereas every balances safety, privateness, and consumer expertise. We take a special method to this.

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