GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout
News

IOTA Identity Embraces Zero-Knowledge Credentials with LINKS Foundation Partnership

  • IOTA and LINKS Foundation partnership strengthens IOTA Identity with advanced zero-knowledge credentials.
  • The integration aims to enhance user privacy and control over data, promoting digital autonomy.

In a notable advancement for blockchain technology, IOTA has teamed up with the LINKS Foundation to enhance IOTA Identity through the integration of zero-knowledge selective disclosure credentials. This collaboration, recently highlighted in an IOTA tweet, marks a significant step in providing users with greater privacy and control over their personal data, affirming a shared commitment to digital autonomy.

According to a recent update from IOTA, in partnership with the LINKS Foundation, the foundation has now joined the Identity Working Group, which includes builders utilizing IOTA Identity to foster the adoption of self-sovereign identity (SSI). This collaboration aims to integrate zero-knowledge credentials to enhance the security and privacy of data sharing.

  1. Identity Working Group Formation: The Identity Working Group was established in July 2023 by IOTA in partnership with various organizations like walt.id, Teleconsys, and TangleLabs. It focuses on the development and maintenance of the IOTA Identity Library, an initiative aimed at advancing self-sovereign identity technologies.
  2. LINKS Foundation’s Role: Recently joining the Identity Working Group, the LINKS Foundation brings its expertise in cybersecurity and zero-knowledge proofs. It’s actively involved in significant projects like QUBIP, which focuses on transitioning digital identity protocols to post-quantum cryptography, showcasing its commitment to enhancing data security and privacy.
  3. Advancements in Selective Disclosure: IOTA’s Identity Working Group prioritizes selective disclosure, a key feature of self-sovereign identity that allows users to share specific aspects of their credentials. This initiative supports two main types of selective disclosure implementations: Selective Disclosure JSON Web Token (SD-JWT) and BBS+-based Selective Disclosure, each providing different levels of security, flexibility, and data privacy control.

Aligning with an earlier update by CNF on IOTA’s breakthroughs, the LINKS Foundation has been pivotal in developing a digital passport for raw materials within the Mastermine EU project. This effort utilizes IOTA’s Distributed Ledger Technology (DLT) to establish a groundbreaking digital passport system, aimed at transforming the EU mining landscape by enhancing transparency and traceability.

IOTA is currently trading at $0.2233, experiencing a decrease of 1.73% over the past day and a 2.96% decline over the past week. For more detailed insights and price trends, view the IOTA price chart.

Latest Press

post-thumbnail
Press Release
2 days ago
Echo – Financial Security and Web3: Protecting Assets Through Offshore Structures
The launch of Echo Exchange introduces not just a new trading venue but a broader architecture for d...
READ MORE
post-thumbnail
Press Release
4 days ago
Echo Sets May 15 as the Global Launch Date for its Centralized Crypto Exchange
Echo, a groundbreaking centralized cryptocurrency exchange, has announced that it will officially la...
READ MORE
post-thumbnail
Press Release
1 week ago
AW8 Pro: The New Upgrade of Online Casino Singapore
AW8, one of the leading online casinos in Singapore, proudly announces the launch of AW8 Pro — its...
READ MORE
post-thumbnail
Press Release
2 weeks ago
DeflationCoin Launches to Fix Bitcoin’s Flaws with Burn-Based Model and Smart Staking
DeflationCoin formally launched a groundbreaking cryptocurrency with the purpose of fixing the econo...
READ MORE
post-thumbnail
Press Release
2 weeks ago
Revolutionary Payroll: Earn in Crypto with Rise’s Exclusive Service
Rise confirms its reputation as one of the world’s leading hybrid payroll platforms with new and r...
READ MORE
post-thumbnail
Press Release
2 weeks ago
A Comprehensive Subversion To The Global Gambling Industry
RXR.Lab Highlights: The world’s first crowdfunding and lottery platform RXR.Lab will be grand ...
READ MORE
post-thumbnail
Press Release
2 weeks ago
MNEE on 1SAT Launches WhatsOnChain Plugin for Simplified Blockchain Transactions
MNEE on 1SAT is excited to announce the launch of its WhatsOnChain MNEE plugin, designed to make vie...
READ MORE
post-thumbnail
News
3 weeks ago
Gold Price Hits New Highs: How Recession Fears Are Shaping BTC Price Outlook
The post Gold Price Hits New Highs: How Recession Fears Are Shaping BTC Price Outlook appeared first...
READ MORE
post-thumbnail
News
3 weeks ago
Pi Coin Price Prediction: Can PI Bounce Back After Recent 68% Drop?
The post Pi Coin Price Prediction: Can PI Bounce Back After Recent 68% Drop? appeared first on Coinp...
READ MORE
post-thumbnail
News
3 weeks ago
Japan Crypto Regulation: Major Shift as Digital Assets Could Be Classified as Financial Products
The post Japan Crypto Regulation: Major Shift as Digital Assets Could Be Classified as Financial Pro...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started