ICP identity protocol DecideID to launch on Solana eliminating any KYC need for DeFi
DecideAI has announced the integration of its biometric identity verification solution, DecideID, into the Solana blockchain, aiming to enhance security and trust within the ecosystem. This move introduces Proof-of-Personhood (PoP) capabilities to Solana, ensuring that users are verified as unique individuals without the need for traditional Know-Your-Customer procedures.
Raheel Govindji, founder and CEO of DecideAI, commented,
DecideID is positioned to set a new standard in identity verification across the blockchain space. The Solana integration is just the beginning, and we anticipate a significant surge in user growth and adoption
The integration is expected to address longstanding vulnerabilities in Solanas airdrop ecosystem, which has previously been susceptible to Sybil attacks and botting. By verifying real users through AI-driven facial recognition and liveness detection technologies, DecideID aims to prevent fraudulent activities and ensure fair token distributions.
Solana developers will now have the opportunity to leverage DecideIDs identity verification tools to enhance the integrity of decentralized applications. This is particularly significant for DeFi projects, where ensuring that transactions are conducted by real and unique individuals adds a crucial layer of trust. The technology analyzes facial movement, depth, and micro-expressions to confirm user authenticity, utilizing Zero-Knowledge proofs to protect personal data during the verification process.
According to DecideAI, the integration will,
Add a layer of trust in lending, staking, and yield farming by ensuring that only real and unique humans are behind transactions.
Additionally, DecideIDs AI facial recognition technology doesnt require any Know-Your-Customer procedures or documentation, making it an easy and quick scan for users.
The integration is currently in the testing phase and is expected to be fully launched before the end of the year. Upon release, Solana users will be able to link their wallets, participate in airdrops, and verify their personhood without extensive documentation. DecideAI is also in discussions with several Solana-based DeFi and NFT platforms that plan to adopt DecideID for enhanced security and fair governance participation.
This development is facilitated by the Internet Computers Chain Fusion technology, which allows for seamless protocol-level integration with other blockchains. The Internet Computer (ICP) acts as a powerful general-purpose blockchain and Web3 platform, enabling DecideID to extend its services beyond Solana with potential future integrations into networks like Ethereum.
DecideID reportedly has already verified over 14,000 unique users and aims to foster trust and accountability in decentralized applications. By preventing malicious activities and ensuring secure interactions, it contributes to a more transparent and fair blockchain environment.
Per the recent announcement, DecideAIs mission extends beyond identity verification. It aims to reshape the landscape of large language models by prioritizing quality, collaboration, and ownership. Through its ecosystem comprising Decide Protocol, DecideID, and Decide Cortex, the company seeks to democratize access to AI resources while rewarding contributors and setting new standards for open-source collaboration.
Proof of personhood protocols on the rise
This integration places DecideID among notable Proof-of-Personhood initiatives such as World, Proof of Humanity, Idena, CorePass, and Anima Protocol.
World (formerly Worldcoin,) founded by Sam Altman, uses iris scans to generate unique identifiers for individuals, though it has faced privacy concerns over biometric data collection.
Proof of Humanity combines video verification with community endorsement to establish unique identities on the Ethereum blockchain. It aims to facilitate fair distribution in Universal Basic Income projects.
Idena employs AI-resistant tasks called flips to ensure each node in its network represents a unique human, enhancing decentralization and resistance to Sybil attacks.
CorePass, on the Core Blockchain network, allows users to verify and tokenize credentials such as passports, driving licenses, emails, and names. Data can then be sold to dApps, allowing users to realize the value of their data instead of giving it away for free.
Anima Protocol provides decentralized identity services on the BNB Chain, focusing on privacy while verifying user authenticity.
These projects, like DecideID, showcase how blockchain can address challenges such as fraudulent activities and fair resource distribution in digital ecosystems, but each takes a different approach to balance security, privacy, and user experience.
The post ICP identity protocol DecideID to launch on Solana eliminating any KYC need for DeFi appeared first on CryptoSlate.
Text source: CryptoSlate
