Self-sovereign digital identity platform, Ziden has joined the blockchain ecosystem of Oraichain with the stated goal of facilitating rapid growth inside the network’s cutting-edge AI Layer 1 infrastructure. The milestone comes hot on the heels of emerging from the Oraichain for DApps Accelerator Program.
Ziden is a self-sovereign identity platform with verifiable attestation powered by zero-knowledge (ZK) cryptography, a privacy and blockchain scaling technology. Under the hood, the attestations’ verification process is compatible with both Web2 and Web3 systems and is available on multiple blockchain networks.
Partner services can integrate with Ziden through SDK, smart contracts and other resources, helping their users attest to their identity without them having to disclose sensitive information to any entity other than authorized ones.
Ziden will be introduced to Oraichain‘s industry-wide ecosystem of partners, which unlocks unmatched opportunities for development collaborations. A Medium article detailing Ziden joining the Oraichain ecosystem gives a practical example.
“The first use case of Ziden is Oraichain Labs US, a Fintech startup looking to tokenize real-world assets, such as real estate. In a typical real estate transaction, buyers and sellers must disclose sensitive personal details like their social security number. Ziden enables attestation of attributes — like nationality, for example — without revealing any additional user information,” the post states.
Ziden is the third project to emerge from the Oraichain for DApps Accelerator Program, which was launched earlier this year to advance its ecosystem of decentralized applications (dApps). Other projects from the program include capital markets disruptor Oraichain Labs US (OLUS) and Cosmos-based lending platform Orchai.
Those projects have a great opportunity to get access to various elements of Oraichain ecosystem, including its talent pool and unique technical expertise. Part of this exclusive access includes Eueno, the ecosystem’s decentralized data storage, encryption and sharing protocol; its AI Marketplace; and Oraichain Mainnet’s ZK engine.
Oraichain advisory board also guides the projects in the matters of technical optimization, business models, development strategies and so on. Practically speaking, the DApps Accelerator Program gives Ziden exclusive access to Oraichain Labs’ network of DApps and partners, enabling this identity platform to discover various unique use cases within the Web3 industry in general.
Meanwhile, Ziden has also revealed an outline of a roadmap culminating in its public launch in January 2023. Next on its agenda is the release of the project’s whitepaper and a public demo on the Oraichain Testnet later this month. Shortly after, Ziden will launch its ID solution with Oraichain Labs US on the Oraichain subnet, Oraichain Pro, in December. And by January 2023, the platform expects to be ready for its official public launch.
Originally launched in 2020, Oraichain is a data oracle platform that combines artificial intelligence (AI) within a blockchain infrastructure to introduce breakthrough technologies. The project acts as a bridge that creates the framework for AI-powered smart contracts and Dapps in the future. Oraichain is backed by a team with an extensive background in computer science and blockchain technology.
Being an Oracle platform, Oraichain is able to handle a range of data validation tasks. This includes biometric authentication, automated trading based on price prediction and AI strategy, loans based on credit ratings, product comparison, in-game item valuation, and more.
With many more side chain and layer-2 chain integrations to follow suit in the near future, this interoperability solution bridges the integration gap that has long existed within the pioneer blockchains. Concretely, the mainnet 2.0 launch of Oraichain comes with both the user facing interface and the node software.
