Progressive zkKYC know-how is now stay on Galactica.com testnet.

Zurich, Switzerland – July 23d, 2024 – Galactica.com, a number one identify in decentralized identification options, is thrilled to announce its integration with SwissBorg, the main regulated Eureopean monetary establishment. This integration marks a big milestone with the launch of zkKYC (Zero-Data Know Your Buyer) know-how now stay on TestNet.

You can too learn: SwissBorg zkKYC 

zkKYC: Pioneering Privateness and Possession

zkKYC know-how transforms the way in which private information is managed and verified. With zkKYC, customers can show particular information factors to 3rd events with out disclosing any extra, pointless data. This ensures unparalleled privateness and safety in private information dealing with.

You can too learn: zkKYC tech specs 

Enhanced Privateness and Management

The zkKYC credential is generated immediately on the SwissBorg platform within the type of a zkCertificate, the zkCertificate is then downloaded and securely saved on the consumer’s native system. From which they’ll add ZKP proving their identification with out compromising on their privateness. This strategy ensures that customers preserve full possession and management over their identification information. SwissBorg has no visibility into which consumer is related to which pockets deal with, thereby considerably enhancing privateness.

Self-Custody and Sovereignty

In an period the place information breaches and privateness considerations are rampant, zkKYC supplies a sturdy answer for self-custody of identification credentials. Customers can confidently show their identification by importing a personal hash from their zkKYC credential by way of MetaMask Snap, guaranteeing their identification is verified with out disclosing their precise identification particulars. This groundbreaking functionality underscores the start of true sovereignty over private identification.

Why this can be a large deal for the customers of Galactica

All customers of Galactica Community are actually capable of generate a zkKYC, by leveraging the compliant authorized infrastructure of SwissBorg. This enables them to show their identification on chain whereas sustaining their privateness and remaining compliant with KYC rules.

Key Highlights:

• zkKYC = Elevated Privateness: The modern know-how ensures solely vital information is shared, defending consumer privateness.
• Self Custody = Saved Domestically: Customers retailer their zkKYC credentials domestically, sustaining full management over their identification information.
• Sovereignty for Id Begins Right here: This integration heralds a brand new period of self-sovereign identification administration.
• First manufacturing prepared zkKYC with a number one regulated european brokerage: This marks the primary manufacturing prepared implementation of zkKYC, setting a brand new normal in privateness and identification verification.

About Galactica.com

Galactica.com is on the forefront of decentralized identification options, devoted to offering customers with safe, non-public, and user-controlled identification verification instruments. By means of cutting-edge know-how like zkKYC, Galactica.com empowers people to take management of their private information, guaranteeing privateness and safety within the digital age.

About SwissBorg

SwissBorg is Europe’s main regulated monetary insistitution and wealth administration platform, providing a spread of modern monetary services. SwissBorg is dedicated to revolutionizing the monetary business by integrating superior applied sciences and offering superior consumer experiences.

For extra data, please go to Galactica.com and SwissBorg.

Media Contact:

Alexander Kalén,

Galactica – CGO

Advertising and marketing@galactica.com

Galactica.com and SwissBorg are proud to paved the way in setting new requirements for privateness and management within the digital identification house. Keep tuned for extra updates as we proceed to innovate and improve our choices.