TL; DR
- Strategic merger: Private ID and Disco.xyz merge to create a unified digital identity infrastructure spanning both Web2 and Web3.
- Multi-channel expansion: The merger allows Privado ID to integrate identity solutions into multiple blockchains such as Optimism, Arbitrum and Base.
- Identity Innovation: The new entity will use advanced technologies, such as zero-knowledge proofs, to ensure the integrity of identity data.
Private ID And Disco.xyz to have announced a merger that marks a milestone in the evolution of digital identity.
This strategic move is aimed at to create a unified identity infrastructure that connects Web2 and Web3 ecosystems, tackling the growing need for a robust identity system in the digital age.
LATEST NEWS: Privado ID merges with Disco! 🥁🥳
Disco founder Evin McMullen @provenauthority and her team join forces with Privado ID to launch Unified Identity for blockchains and legacy systems
Welcome @provenauthority and Disco team! 👋
[A Thread🧵] pic.twitter.com/iEIfcsLopZ
— Privado ID (formerly Polygon ID) (@PrivadoID) September 19, 2024
With the integration of Disco, known for expertise in verifiable data management and reputation, Privado ID will expand to several blockchains included Optimism, arbitrage and basissupporting its identity solutions in a variety of digital environments.
The merger between the two companies will make this possible Privado ID to benefit from Discos advanced technology, especially in terms of cross-chain compatibility and identity management.
Disco has developed tools such as the “Data backpack”which facilitates interaction with verifiable data and identity in the chain in an intuitive and accessible way.
This tool will serve as a virtual repository where users can consolidate their data online presence, in line with Privado ID‘S goal of providing more comprehensive and simplified control over digital login details.
The new approach to unified identity proposed by this merger promises to revolutionize the way individuals work and organizations manage their identity in the digital environment.
For users, this means more seamless management of their identity and the ability to do so securely share verified data on different platforms.
This ID assetsin which aspects such as age, location and authenticitywill provide new opportunities and benefits in one interconnected world.
For companies and protocols, uniform identity will make this possible automatic delivery of benefits and opportunities to the right partiesimproving efficiency and safety digital interaction.
Additional, Privado ID plans to use technologies such as zero-knowledge proofs to take care of it integrity and security of identity dataovercoming the limitations of traditional cross-chain bridging systems and closed reputation providers.
Privado ID’s vision on decentralized identity
The integration of Disco inside Privado ID also highlights both companies strive for neutrality and scalability in the field of identity management.
Evin McMullen, founder of Disco and new co-founder and chief strategy officer of Privado IDwill bring extensive experience in developing on-chain technologies.
McMullen, with over a decade of industry experiencewill help the adoption of a decentralized identitytaking the vision of an integrated digital identity to new heights.
The merger has also proven its worth value with successful pilot concepts implemented in broad terms multinational banks and financial companies.
Furthermore, the recent ones collaboration with Telefónica Tech underlines Privado ID‘S skill to promote the adoption of privacy-oriented digital identities in Europe.
These initiatives strengthen Privado ID‘S position as a leader in digital identity solutionssetting one new standard for identity management in the digital age.
Credit : cryptonews.net
