Polkadot Project Manta Network Rolls Out Privacy-Centric Soulbound Tokens

by ChainChirp
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Manta Community, a layer-1 blockchain working on Polkadot, has teamed up with Linea, a rollup-based scaling resolution, to supply customers zero-knowledge soulbound tokens (zkSBT).

Because of the inherent transparency of open blockchains, the crew at Manta was to handle one of many important considerations of cryptocurrency initiatives at present, privateness.

“The issue we are attempting to sort out right here is in order that verification is barely restricted to sure on-chain actions, relatively than share all knowledge to an app,” Manta Community co-founder Victor Ji advised Decrypt.

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He added that customers received’t want to finish know-your-customer screenings, as a substitute verifying their id utilizing Manta’s zkSBT resolution.

Souldbound Tokens have been first proposed by Ethereum co-founder Vitalik Buterin. They fucntion very like an NFT, besides they’ll’t be traded and are tied to the id of an individual or an entty. They is also used for medical information or certificates.

Customers will have the ability to mint the brand new zkSBTs beginning at present via Manta Community’s NFT Personal Choices (NPO) platform, so long as they’ve accomplished one in every of two Linea NFT campaigns.

These zkSBT’s will “supply customers a decentralized, trustless, and personal technique to confirm their actual identities with out compromising any data or knowledge leakage about their on-chain exercise,” the businesses mentioned in an announcement.

The modern tokens will use Linea’s zkPioneer–alongside a singular Manta innovation known as Proof Key–to allow any Web2 or Web3 utility (cell or desktop) to confirm person’s data while not having to connect with a pockets.

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“We expect cell customers have the biggest [daily active users], however have the worst expertise in crypto now, and we are able to allow them with no want to attach wallets to confirm their on-chain and off-chain credentials” mentioned Ji, stating the crew’s important focus is socialFi and GameFi.

The dangers are minimal, added Ji in an unique dialog with Decrypt, acknowledging customers might need “non-public knowledge leakage” though their belongings on EVM addresses will nonetheless be secure.

Whether or not full digital privateness is feasible in at present’s web setting is a broad dialogue, however Ji thinks it’s “not wanted.” The necessity, in line with him, is relatively for “nice UX for sure privateness use circumstances relatively than a totally non-public sensible contract platform with horrible interoperability.”

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