Privado ID Enables 50% Faster Identity Verification via Its New Web Wallet

Privado ID Web Wallet enables Fast Identity Verification.  Privado, a firm building privacy-focused tools from the team behind the Iden3 Protocol and PolygonID, today announces the launch of the Privado ID Web Wallet, which simplifies and speeds up verification processes for self-sovereign identity solutions by integrating them directly into the app.

One of the first projects to work with Privado is Verax, a public registry for storing on-chain attestations originally developed for the Linea zkEVM chain from Consensys. It is already integrated with Gitcoin Passport, the privacy-focused oracle platform ZKPass, and other notable projects. Verax is part of Linea’s commitment to its community and ecosystem, designed from the ground up for enhanced discoverability and composability.

Notably, Privado ID is also the first Linea-integrated solution that features biometrics functionality, enabling people to get free Proof-of-Uniqueness attestations — which are invaluable when it comes to preventing sybil attacks and botting — using a simple camera. This exemplifies the high level of trust Privado ID has already earned from Web3 platforms and users alike.

Part of this trust stems from the fact that neither Privado ID nor Linea will have access to the sensitive biometric information as users will always retain full control over it, requiring their explicit consent for this data to be shared with anyone. These robust privacy measures are among the main reasons why Linea has trusted Privado ID to issue credentials based on biometric information for their Proof of Humanity system. Furthermore, this integration on the Linea zkEVM Chain extends Privado ID’s reach far beyond the Polygon network. Privado ID Web Wallet enables Fast Identity Verification

Developers can easily integrate this new verification flow into their applications with just a few lines of code. A no-coding tool like Query Builder can simplify implementation by generating the necessary code for specific user information requests.

“We are very enthusiastic about this integration with Privado.ID. It showcases the potential of self-sovereign identities, allowing individuals to use a solution like Privado.ID to keep their information private while ensuring they can selectively disclose certain information publicly. The integration with Verax enables users to bring aspects of their reputation on-chain, thereby gaining benefits such as eligibility for rewards or access to additional services. These foundational elements will be crucial in fostering the development of diverse on-chain use cases, moving beyond a predominant focus on financial applications,” noted Arthur Remy, Product Manager at Linea.

Representing the first product release since spinning out of Polygon, the researchers and developers behind Privado ID have launched a new Web Wallet that eliminates repetitive identity verification, such as Know-Your-Customer (KYC) checks when logging into applications.

By reducing the number of steps required to create credentials from 9 to 4, Privado ID makes the overall user experience much more convenient, streamlined, and quick, accelerating the whole process by more than 50%.

Moreover, after creating their initial credentials, people can seamlessly reuse them across a plethora of other applications for instant 1-click verification, enabling near-instantaneous logins without any additional actions.

The web wallet allows users to store verifiable credentials (VCs) and choose when and with whom to share specific information. The simplified process enables authentication via a crypto wallet, automatically creating an identity wallet in the background if one doesn’t exist and claiming VCs within the same flow. These VCs are encrypted and securely stored so that users benefit from a seamless and private experience across multiple devices.

At the same, Privado ID also doesn’t require any highly specialized hardware — like Worldcoin’s Orb, for example — allowing people to prove their identities and create VCs on widely available retail-grade devices and operating systems.

Over time, Privado ID plans to gradually introduce new features that allow users to prove three fundamental parts of their identity with verifiable credentials from its inaugural independent provider Synaps, an AI verification platform that specializes in extracting and cross-referencing data to ensure document consistency and authenticity.

The Proof-of-Uniqueness, which is already live, allows to enhance integrity and security against Sybil attacks by excluding fake identities and bots. In the future, it will also be complemented by the Proof-of-Identity, which requires users to present their identity documents, and the Proof-of-Liveness, which involves a live test using a camera where people need to move their faces.

Privado ID also plans to introduce a permissionless process to seamlessly integrate more credential providers into the flow. Privado enables Fast Identity Verification

Antoni Martin, Co-founder of Privado ID, said: “The launch of Privado ID’s new Web Wallet lays the groundwork for what’s to come in the following months, with the primary aim of elevating the user experience to the standards of Web2 applications while maintaining the decentralization, reusability, and trust inherent to Self-Sovereign Identity solutions. We aim to create an open ecosystem where new credential issuers can easily offer their services to all verifiers with minimal barriers to entry.”

Privado ID continues to establish strategic collaborations with both on-chain and institutional organizations, including notable proof-of-concepts (PoC) with several multinational banking and financial service companies. These PoCs aim to provide the technical groundwork for interoperable and compliant identity frameworks that are reusable among institutions, apps, and smart contract interactions while also reducing the overall cost of data verification, making it more economically viable thanks to Privado ID’s reusability feature.