Galxe announces the launch of Identity Protocol, which introduces an identity infrastructure focused on user privacy, security and sovereignty.
Using Zero-Knowledge Proofs (ZKP), the protocol allows users to verify their digital identity and private data during public authentication scenarios. According to the company’s blog, the Galxe Identity Protocol aims to give users control over their digital identity and private data.
The launch marks a new phase in managing and sharing verifiable credentials in the web3 landscape. The protocol uses ZKP technology to enable the secure authentication of identity without compromising the privacy or integrity of personal information.
To address challenges such as evidence duplication, Galxe is introducing an identity commitment scheme that improves privacy and makes data untraceable during on-chain verification processes.
Launch Alert: Galxe Identity Protocol Mainnet is here. Transform the way you manage and share verifiable credentials within Web3. With our permissionless infrastructure and ZKP technology, your digital identity has never been more secure or in more control.
More information
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— Galxe (@Galxe) April 11, 2024
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The protocol simplifies the creation of new login credentials in a codeless environment. It streamlines the credential issuance process through an aggregation mechanism that allows a Soulbound token to be minted.
The protocol’s framework supports several applications, including preventing Sybil attacks, decentralized reputation and credit systems, a marketplace for personal data, secure identity verification methods, decentralized rating systems, and transferable performance systems. The flexibility is intended to increase the usefulness and value of user performance across ecosystems.
Galxe, a web3 infrastructure and digital identity network company, is supporting this initiative with a range of products, including Galxe Quest, Galxe Passport, Galxe Score, Galxe Compass and Alva, promoting web3 application development.
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