Trident3 recently integrated peer-to-peer digital identity solution T3id with LayerZero. This partnership allows users to quickly identify themselves across more than 70 blockchains connected through LayerZero’s infrastructure.
“Peer-to-peer identity verification simply means that I can verify who is on the other end of a transaction, or I can verify that I receive an email from an entity, and I open that only because it has been verified that it real is that entity,” Steve Goldstein, CEO at Trident3, shared with Crypto Briefing. “And then when you add our data solution, the benefit of this partnership with LayerZero is the more than 70 blockchains they work with.”
The T3id is a non-fungible token (NFT) that is both unsellable and non-transferable, making it linked to a wallet and making an identity unique. Users will be able to use the same identity across different blockchains through a ‘lock and mint’ model, consisting of locking the original NFT in a smart contract and creating an equivalent in another network.
Simon Baksys, Vice President of Business Development at LayerZero Labs, said Trident3’s efforts to reduce risk in the chain and introduce an additional layer of digital identity are “a fantastic use case.”
“Part of the reason we’re working together here is because we firmly believe in meeting the user wherever he or she is. What that means from a digital identity perspective is taking this T3id token and making it available to all ecosystems, all users who need it and want it,” Baksys said.
Notably, Goldstein stated that the usefulness of the T3id goes beyond security concerns, allowing entities to identify real users. Meanwhile, NFT holders can choose what information they want to share on-chain.
“The NFT sits in the wallet and then a user chooses their name, and then it’s up to them what information they want to upload, to authenticate themselves. He can upload a photo, he can upload his passport, his driver’s license. He can upload any of these certificates to authenticate himself,” Goldstein explains.
While T3id aims to solve the digital identity problem by giving Web3 users a frictionless way to be identified in the chain, it also keeps them protected by avoiding over-sharing of information.
“There will always be a percentage of people who want to live in that decentralized world where they want to stay hidden, that’s fine. But wherever people want transparency, comfort and the assurance that they really know who is on the other side before they make that transaction. That’s why T3id is so important, it’s a whole new way of looking at identity, just to verify,” Goldstein concluded.
