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
News
1 hour ago
XRP Price Prediction For January 24
The post XRP Price Prediction For January 24 appeared first on Coinpedia Fintech News XRP’s price ...
READ MORE
post-thumbnail
News
1 hour ago
Speculation Runs Wild as Baby Doge Creators Are Rumored to Be Behind Secretive New Crypto DogevsPepe
The post Speculation Runs Wild as Baby Doge Creators Are Rumored to Be Behind Secretive New Crypto D...
READ MORE
post-thumbnail
News
1 hour ago
SEC Rescinds SAB 121: What it Means For Crypto Industry and Bitcoin?
The post SEC Rescinds SAB 121: What it Means For Crypto Industry and Bitcoin? appeared first on Coin...
READ MORE
post-thumbnail
News
1 hour ago
Ripple Lawsuit: Settlement or Dismissal? Deaton Explores Three Possible Outcomes of SEC Legal Battle
The post Ripple Lawsuit: Settlement or Dismissal? Deaton Explores Three Possible Outcomes of SEC Leg...
READ MORE
post-thumbnail
News
1 hour ago
X Money App May Use Nollars Network To Speed Up Dogecoin Transfers
The post X Money App May Use Nollars Network To Speed Up Dogecoin Transfers appeared first on Coinpe...
READ MORE
post-thumbnail
News
1 hour ago
Big News: Trump Signs Groundbreaking Crypto Executive Orders, Details Inside
The post Big News: Trump Signs Groundbreaking Crypto Executive Orders, Details Inside appeared first...
READ MORE
default post thumbnail
News
1 hour ago
Dogecoin (DOGE) Lags Behind: Struggles to Reignite Bullish Momentum
Dogecoin started a downside correction from the $0.400 zone against the US Dollar. DOGE is now conso...
READ MORE
default post thumbnail
News
1 hour ago
XRP Price Dips Back to Support: Consolidation or Breakdown Ahead?
XRP price struggled to continue higher above the $3.25 level. The price is now correcting gains and ...
READ MORE
default post thumbnail
News
1 hour ago
Ethereum Price Revival: What the Signs Say About Its Next Move
Ethereum price is consolidating above the $3,180 support. ETH must clear the $3,350 resistance zone ...
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