Web3 Identity Solution Ziden Joins Oraichain Ecosystem

Self-sovereign identity platform Ziden has joined the Oraichain artificial intelligence-powered Layer-1 blockchain ecosystem. The project was part of the Oraichain for DApps Accelerator Program. 

Ziden has also revealed its roadmap for the rest of 2022 and the start of next year. The ID platform aims to launch publicly in January 2023. 

Oraichain welcomes Ziden

Web3 technologies have the potential to completely reimagine the internet as we know it. Part of that is the way we identify ourselves. 

The Web2 identity solution required sending copies of passports, driver’s licenses, or utility bills to a centralized service’s compliance or verification department to verify. The problem with that is the service provider has to look after the files else some nefarious actor might get hold of them. Time and time again security compromises happen and users are put at risk of identity theft. 

Offering an alternative is Ziden, an on-chain, self-sovereign digital identity platform. Ziden uses zero-knowledge proofs to enable users to attest to personal details without having to provide a service provider with any documentation. Zero-knowledge proofs are a fascinating field of cryptographic research that makes privacy-preserving innovations like zk-SNARKs (the tech behind Zcash) possible.  

According to a recent press release, Ziden has just announced that it will join Oraichain’s AI-powered ecosystem, becoming the third project to emerge from its Oraichain for DApps Accelerator Program. The other two successful projects are the real-world asset tokenization project Oraichain Labs US and the decentralized lender Orchai. 

Ziden will benefit from existing Oraichain ecosystem features. Examples include its decentralized data storage layer, its ZK engine and its AI marketplace. Additionally, as part of the DApps Accelerator Program, Ziden will continue to benefit from access to Oraichain Labs’ network of partners, DApps and investors.

Oraichain aims to be the industry’s first blockchain ecosystem and oracle that draws on AI to ensure greater compliance and security. The blockchain that is based on Cosmos and Tendermint was first launched in February 2021 but was overhauled in its March 2022 v2 release. 

Ziden reveals roadmap to launch

As part of the Oraichain announcement, Ziden also revealed its launch roadmap for the end of 2022 and the start of 2023. The ID platform intends to release a whitepaper and public demo on Oraichain’s testnet at some point before the end of November. 

Then, in December, Ziden will launch on the Oraichain Pro subnet alongside Oraichain Labs US. A Medium article details the kind of product to expect from this year’s subnet launch with Ziden’s technology enabling real-world property transactions to take place on-chain. Finally, Ziden should have its public launch in January next year.  

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice