San Francisco, CA – Ankr, a leading player in Web3 development, just unveiled its latest product, “Ankr Verify,” aimed at delivering blockchain and decentralized applications (DApps) with an effortless user ID solution .
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The product’s debut includes partnerships with leading customers such as Eclipse, Tomi and Mina Protocol, all of which use Ankr Verify to improve user experience and ensure compliance for their Web3 apps deployed on their networks.
Ankr Verify serves as a critical tool for Web3 user authentication, especially critical for enterprise compliance when rolling out blockchain initiatives. What sets it apart is its ability to enable organizations to meet KYC (Know Your Customer) requirements without compromising user privacy, thanks to zero-knowledge verification of user identity.
Traditional KYC methods often involve access to sensitive user data, but Ankr Verify takes a revolutionary approach. Zero-knowledge cryptography allows users to prove attributes about their identity without revealing sensitive information. Ankr’s KYC partner, Synaps, acts as a trusted intermediary, ensuring that user data remains confidential and compliant with regulations.
Kev Silk, Senior Product Manager at Ankr, highlights the transformative nature of Ankr Verify, saying: “It’s a new standard for easy Web3 user identification, similar to what single sign-on did for the web.
“With a single, secure passport to Web3, users can access decentralized experiences without the headache of constantly uploading documents containing their vulnerable personal information.”
Kev Silk, Senior Product Manager at Ankr
End users can expect an enhanced Web3 experience with Ankr Verify, similar to a single sign-on solution for the decentralized Internet. By verifying private information just once, users gain seamless access to entire ecosystems of applications, eliminating the need for repeated data submissions.
Ankr Verify is designed to merge the best practices of KYC compliance and Decentralized Identity (DID), making government-sanctioned Web3 use cases feasible while maintaining the privacy and autonomy benefits inherent in blockchain technology. Ankr Verify represents just one element of Ankr’s comprehensive suite of Web3 infrastructure products, designed to enable developers to shape the next generation of blockchain applications.
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About Ankr
Ankr acts as a comprehensive Web3 developer hub, providing a complete toolkit for building Web3 apps and ensuring strong connections to over 40 blockchains.
Their range of services includes multi-chain DApp development tools, blockchain engineering services, crypto staking solutions, and globally distributed node infrastructure. Ankr is committed to facilitating easy participation in the crypto economy and promoting a more decentralized, democratic, and user-controlled web experience.