TL; DR
-
Galxe Identity Protocol paves the way for privacy-preserving ‘one-click login’ processes across all web platforms (from banking to social platforms and beyond).
Full story
We’ve been talking a lot lately about zk-proofs in the context of financial transactions…
Zk-proofs are the ‘common friend’ of the crypto world.
What does that mean?
Let’s say you’re looking for a new roommate → you post to a local Facebook group → someone replies…
Your first move? See if you have any mutual friends that you can use to research your new potential roommate.
You can ask your ‘mutual friend’: “Hey, is this person going to try to kill me in my sleep? (Because I can’t let this happen… not again).”
And your mutual friend may give a binary yes/no answer.
With Zk-proofs, platforms can ask financially relevant questions, such as ‘Is this person older than X? Do they have good credit?” — get yes/no answers in return (while keeping the user’s exact date of birth and credit score private).
…which is cool and all – but what if this technology grew beyond the crypto-financial niche?
It looks like we’ll find out thanks to the Galxe Identity Protocol, which aims to make zk-proofs a standard on the wider internet.
Here’s why that’s relevant to you:
This could turn any login page into a one-click experience.
Whether it’s a new bank account (where you’ll need to provide photo ID, social security number, date of birth and home address) or a social platform (where you’ll typically be asked for a full name, email address and date of birth) …
With Zk-proofs you can provide everything in a one-time verification process, and from then on you just have to ‘click to verify’ (while maintaining your privacy) every time you sign up for something online.
Oh, and an added bonus: it would pretty much spell the end of general identity theft.
Godspeed Galxe.