Progressive zkKYC know-how is now dwell on Galactica.com testnet.
Zurich, Switzerland – July 23d, 2024 – Galactica.com, a number one identify in decentralized id options, is thrilled to announce its integration with SwissBorg, the main regulated Eureopean monetary establishment. This integration marks a big milestone with the launch of zkKYC (Zero-Information Know Your Buyer) know-how now dwell on TestNet.
You can too learn: SwissBorg zkKYC
zkKYC: Pioneering Privateness and Possession
zkKYC know-how transforms the best way private information is managed and verified. With zkKYC, customers can show particular information factors to 3rd events with out disclosing any extra, pointless data. This ensures unparalleled privateness and safety in private information dealing with.
You can too learn: zkKYC tech specs
Enhanced Privateness and Management
The zkKYC credential is generated straight on the SwissBorg platform within the type of a zkCertificate, the zkCertificate is then downloaded and securely saved on the consumer’s native system. From which they’ll add ZKP proving their id with out compromising on their privateness. This method ensures that customers preserve full possession and management over their id information. SwissBorg has no visibility into which consumer is related to which pockets deal with, thereby considerably enhancing privateness.
Self-Custody and Sovereignty
In an period the place information breaches and privateness considerations are rampant, zkKYC supplies a sturdy resolution for self-custody of id credentials. Customers can confidently show their id by importing a non-public hash from their zkKYC credential by way of MetaMask Snap, guaranteeing their id is verified with out disclosing their precise id particulars. This groundbreaking functionality underscores the start of true sovereignty over private id.
Why this can be a massive deal for the customers of Galactica
All customers of Galactica Community at the moment are capable of generate a zkKYC, by leveraging the compliant authorized infrastructure of SwissBorg. This permits them to show their id on chain whereas sustaining their privateness and remaining compliant with KYC laws.
Key Highlights:
- zkKYC = Elevated Privateness: The revolutionary know-how ensures solely mandatory information is shared, defending consumer privateness.
- Self Custody = Saved Regionally: Customers retailer their zkKYC credentials domestically, sustaining full management over their id information.
- Sovereignty for Identification Begins Right here: This integration heralds a brand new period of self-sovereign id administration.
- First manufacturing prepared zkKYC with a number one regulated european brokerage: This marks the primary manufacturing prepared implementation of zkKYC, setting a brand new normal in privateness and id verification.
About Galactica.com
Galactica.com is on the forefront of decentralized id options, devoted to offering customers with safe, non-public, and user-controlled id verification instruments. By cutting-edge know-how like zkKYC, Galactica.com empowers people to take management of their private information, guaranteeing privateness and safety within the digital age.
About SwissBorg
SwissBorg is Europe’s main regulated monetary insistitution and wealth administration platform, providing a spread of revolutionary monetary services. SwissBorg is dedicated to revolutionizing the monetary business by integrating superior applied sciences and offering superior consumer experiences.
For extra data, please go to Galactica.com and SwissBorg.
Media Contact:
Alexander Kalén,
Galactica – CGO
Advertising and marketing@galactica.com
Galactica.com and SwissBorg are proud to paved the way in setting new requirements for privateness and management within the digital id house. Keep tuned for extra updates as we proceed to innovate and improve our choices.
