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Home»Web3
Web3

ICP identity protocol DecideID to be launched on Solana, eliminating the need for KYC in DeFi.

News RoomBy News Room8 months ago0 ViewsNo Comments3 Mins Read
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DecideAI has integrated its biometric identity verification solution, DecideID, into the Solana blockchain to enhance security and trust within the ecosystem. This integration introduces Proof-of-Personhood capabilities to Solana to verify unique individuals without the need for traditional Know-Your-Customer procedures. Raheel Govindji, founder and CEO of DecideAI, believes that DecideID will set a new standard in identity verification in the blockchain space, leading to increased user growth and adoption.

The integration addresses vulnerabilities in Solana’s airdrop ecosystem, such as Sybil attacks and botting, by verifying real users through AI-driven facial recognition and liveness detection technologies. This aims to prevent fraudulent activities and ensure fair token distributions. Developers on Solana can now leverage DecideID’s identity verification tools to enhance decentralized applications, particularly in DeFi projects where verifying transactions by real individuals adds a crucial layer of trust.

DecideID’s technology analyzes facial movement, depth, and micro-expressions to confirm user authenticity using Zero-Knowledge proofs to protect personal data during verification. The integration will add trust in lending, staking, and yield farming by ensuring that only real and unique humans participate in transactions. The AI facial recognition technology streamlines the verification process for users without requiring extensive documentation or Know-Your-Customer procedures.

The integration is currently in the testing phase and is expected to be fully launched before the end of the year. Solana users will soon be able to link their wallets, participate in airdrops, and verify their personhood easily without lengthy documentation procedures. DecideAI is in discussions with various Solana-based DeFi and NFT platforms to adopt DecideID for enhanced security and fair governance participation.

Facilitated by the Internet Computer’s Chain Fusion technology, DecideID can seamlessly integrate with other blockchains beyond Solana. This allows for potential future integrations into networks like Ethereum, expanding its reach and impact on identity verification in decentralized applications. DecideID has already verified over 14,000 unique users and aims to foster trust and accountability in the blockchain space, contributing to a more transparent and fair environment.

DecideAI’s mission extends beyond identity verification 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 aims to democratize access to AI resources, reward contributors, and set new standards for open-source collaboration. Proof-of-Personhood protocols, including DecideID, are on the rise, joining initiatives such as World, Proof of Humanity, Idena, CorePass, and Anima Protocol, each tackling challenges in different ways to balance security, privacy, and user experience.

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