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LayerZero and Trident3 Launch P2P Digital Identity on Over 70 Blockchains
Key points
- T3id uses a non-transferable NFT to maintain unique user identities across blockchains.
- The “lock and mint” process enables identity verification across multiple blockchain networks.
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Trident3 recently integrated its T3id peer-to-peer digital identity solution with LayerZero. This collaboration will allow users to quickly identify themselves on over 70 blockchains connected via LayerZero’s infrastructure.
“Peer-to-peer identity verification simply means that I can verify who is on the other side of a transaction, or I can verify that I am receiving an email from an entity and am only opening it because it was verified that it is indeed that entity,” Steve Goldstein, CEO of Trident3, shared with Crypto Briefing. “And then when you add our data solution, the benefit of this partnership with LayerZero is the 70-plus blockchains that they partner with.”
T3id is a non-fungible token (NFT), unsellable and non-transferable, which ties it to a wallet and makes an identity unique. Users will be able to use the same identity on different blockchains through a “lock and mint” model, which consists of locking the original NFT in a smart contract and minting an equivalent on another network.
Simon Baksys, vice president of business development at LayerZero Labs, said Trident3’s efforts to mitigate on-chain risks and introduce an additional layer of digital identity represent “a fantastic use case.”
“Part of the reason we’re partnering here is that we’re big believers in meeting the user where they are. What that means from a digital identity perspective is taking this T3id token and making it available to all ecosystems, to all users who need it and want it,” Baksys added.
Specifically, Goldstein said that T3id’s utility goes beyond security concerns, allowing entities to identify real users. In the meantime, NFT holders will be able to choose what information they want to share on-chain.
“The NFT sits in the wallet and then the user chooses their name, and then it’s up to them to decide what information they want to upload, to authenticate themselves. They can upload a photo, they can upload their passport, their driver’s license. They can upload any of these certificates to authenticate themselves,” Goldstein explained.
So while T3id aims to solve the digital identity problem by giving Web3 users an easy way to be identified on-chain, it also protects them by not oversharing information.
“There will always be a percentage of people who want to live in that decentralized world where they want to stay hidden, that’s fine. But people everywhere want transparency, convenience and the certainty of actually knowing who is on the other end before making that transaction. That’s why T3id is so important: it’s a completely new way of looking at identity just to verify it,” Goldstein concluded.
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