Ziden, a Web3 identity solution, joins the Oraichain ecosystem!
The independent identity platform Qideng has joined the first layer blockchain ecosystem driven by the AI of Olachai. This project is part of the DApps Accelerator Program Oraichain.
Ziden also disclosed the remaining time in 2022 and the road map at the beginning of next year. The ID platform aims to be publicly launched in January 2023.
Olecharin welcomes Zidon
Web3 technology has the potential to completely reshape the Internet as we know it. Part of it is the way we identify ourselves.
The Web2 identity solution requires that copies of passports, driver's licenses, or utility bills be sent to the compliance or verification department of the centralized service for verification. The problem with this is that service providers must take care of these documents, otherwise some evil actors may get them. Security was compromised again and again and users were put at risk of identity theft.
Ziden offers another option, which is an online, autonomous digital identity platform. Ziden uses zero knowledge proof to enable users to prove personal details without providing any documents to service providers. Zero knowledge proof is a fascinating field of cryptography research, which makes it possible to innovate privacy protection such as ZK-SNARKs (the technology behind z cash).
According to a recent report press release, Ziden has just announced that it will join the artificial intelligence ecosystem of Oraichain and become the third project of its Oraichain for DApps accelerator program. The other two successful projects are the real asset token project Oraichain Labs US and the decentralized loan institution Orchai.
Ziden will benefit from the characteristics of the existing Oraichain ecosystem. Examples include its decentralized data storage layer, ZK engine and artificial intelligence market. In addition, as part of the DApps accelerator program, Ziden will continue to benefit from Oraichain Labs' network of partners, DApps and investors.
Oraichain aims to become the first blockchain ecosystem in the industry. Oracle uses AI to ensure higher compliance and security. The blockchain based on Cosmos and Tendermint was first introduced in February 2021, but it was comprehensively checked in its v2 version in March 2022.
Ziden announces the release roadmap
As part of Oraichain's announcement, Ziden also disclosed its launch roadmap at the end of 2022 and the beginning of 2023. The ID platform plans to release a white paper and public demonstration on Oraichain's testnet sometime before the end of November.
Then, in December, Ziden will be released on the Oraichain Pro subnet together with Oraichain Labs US. Medium article details This product is expected to be launched at this year's subnet conference. Ziden's technology enables real estate transactions to be conducted online. Finally, Ziden should be listed in January next year.