Self-Sovereign ID Platform Ziden Joins AI-Powered L1 Oraichain

After emerging from the Oraichain for DApps Accelerator Program, self-sovereign digital identity platform Ziden has joined the AI Layer 1 blockchain ecosystem of Oraichain.

crypto market overview blockchain man view

After emerging from the Oraichain for DApps Accelerator Program, self-sovereign digital identity platform Ziden has joined the AI Layer 1 blockchain ecosystem of Oraichain. Ziden has also revealed an outline of a roadmap culminating in its public launch in January 2023.
Ziden is a self-sovereign identity platform that uses zero-knowledge proofs to provide a verifiable attestation of sensitive information while maintaining user privacy. At its core, Ziden’s zero-knowledge protocol can help users attest to their identity without them having to disclose sensitive information to any entity other than authorized ones. The proof that proves the validity of a user’s identity carries no private information and is stored on a blockchain for DApps to approve without knowing any of the underlying information, hence the name ‘zero-knowledge’.

A Medium article detailing Ziden joining the Oraichain ecosystem gives a practical example. The first use case of Ziden is Oraichain Labs US, a Fintech startup looking to tokenize real-world assets, such as real estate. In a typical real estate transaction, buyers and sellers must disclose sensitive personal details like their social security number. Ziden enables attestation of attributes — like nationality, for example — without revealing any additional user information.

Sponsored

Ziden is the third project to emerge from the Oraichain for DApps Accelerator Program. Other projects from the program include capital markets disruptor Oraichain Labs US (OLUS) and the decentralized lending platform Orchai.

Now part of the Oraichain ecosystem, Ziden has access to Eueno, the ecosystem’s decentralized data storage, encryption and sharing protocol; its AI Marketplace; and Oraichain Mainnet’s ZK engine. Meanwhile, the DApps Accelerator Program gives Ziden exclusive access to Oraichain Labs’ network of DApps and partners, enabling this identity platform to discover various unique use cases within the Web3 industry in general.

Ziden has also revealed its end of 2022 and early 2023 roadmap. The project plans to release its whitepaper and a public demo on the Oraichain Testnet later this month. In December, Ziden will launch its ID solution with Oraichain Labs US on the Oraichain subnet, Oraichain Pro. By January 2023, the platform expects to be ready for its official public launch.

About Oraichain

Oraichain is the world’s first artificial intelligence-powered blockchain ecosystem and oracle. The network’s Mainnet 1.0 release was in February 2021, and the following March, Oraichain Mainnet 2.0 launched. Based on Cosmos SDK and Tendermint Core, Oraichain provides cross-chain functionality while maintaining the highest security and transaction processing speeds. Its support of Cosmos’ IBC (Inter-Blockchain Communication) protocol enables connectivity with Ethereum, BSC and other major networks.

Website | Twitter | Telegram | Discord | Blog

About Ziden

Ziden is a project aiming to build a self-sovereign digital identity platform that leverages zero-knowledge proofs to return control over user data to the users themselves. The platform will enable users to attest to some piece of sensitive information without giving more data away than is strictly necessary. Ziden has a myriad of applications across Web2 and Web3, including KYC attestation, digital certificates and Web3 identity services.

Website | Twitter | Telegram | Discord | Medium

This article contains a press release from an external source. The opinions and information presented may differ from those of DailyCoin. Readers are encouraged to independently verify the details and consult with experts before acting on any information provided. Please note that our Terms and Conditions, Privacy Policy, and Risk Warning have been recently updated.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Press Release

Read the most recent crypto press releases on DailyCoin to know all the latest project news from fintech and blockchain businesses. Disclaimer: This article is a press release and was not written by DailyCoin. We always aim to have the highest editorial and fact-checking standards, so if you encounter any content related issues, please contact us at pr@dailycoin.com.

Read more