TL;DR
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Galxe Identification Protocol is paving the way in which for privateness preserving ‘one-click join’ processes throughout all net platforms (from banks, to social platforms, and past).
Full Story
We’ve talked about zk-proofs within the context of economic transactions a BUNCH of late…
Zk-proofs are the ‘good friend in widespread’ of the crypto world.
What does that imply?
Say you’re on the lookout for a brand new roommate → you submit on an area Fb group → somebody replies…
Your first transfer? Test to see in case you have any buddies in widespread that you should use to vet your new potential co-habitant.
You possibly can ask your ‘good friend in widespread’ — “Hey, is that this individual going to try to homicide me in my sleep? (Trigger I can’t have that occuring…not once more).”
And your good friend in widespread may give a binary sure/no reply.
Zk-proofs let platforms ask financially related questions like “Is that this individual over X age? Have they got good credit score?” — getting sure/no solutions in return (whereas protecting the consumer’s precise D.O.B. and credit score rating personal).
…which is cool and all — however what if this tech grew past the crypto-financial area of interest?
Appears like we’re about to search out out because of the Galxe Identification Protocol, which goals to make zk-proofs a typical throughout the broader net.
Right here’s why that’s related to you:
This might flip each join web page right into a one-click expertise.
Whether or not its for a brand new checking account (the place you’re required to supply picture I.D, a social safety quantity, D.O.B, and residential handle), or social platform (the place you’re usually prompted for a full identify, e mail, and D.O.B.)…
Zk-proofs would assist you to present all of it in a one-time verification course of, and from there on out simply ‘click on to confirm’ (whereas preserving your privateness) any time you join one thing on-line.
Oh, and added bonus: it’d just about imply the top of widespread id theft.
Godspeed Galxe.