ENS Labs Partners With Dentity to Advance Real-World Credentials For Web3

ENS laboratoriesthe corporate behind the open-source blockchain naming protocol, Ethereum title servicecollaborates with Dentitya number one supplier of digital identities, to combine verifiable credentials into the chain.

The brand new integration permits ENS customers to hyperlink their on-chain identification with their real-world identification, giving them the facility to resolve the scope of knowledge they share, the businesses mentioned in an announcement on Wednesday.

The event might have far-reaching penalties for the way forward for on-line identification. ENS customers can preserve management over publicly accessible, personally identifiable info whereas making certain that such info shouldn’t be saved off-chain.

Khori Whittaker, government director of ENS Labs, famous how the 2 firms try to bridge the hole between off-chain and on-chain identities by enabling customers to have one true digital identification.

“Along with Dentity, ENS broadens the capabilities of Web3 naming, making on-chain identities actual and usable throughout functions,” mentioned Whittaker. “By linking real-world identities to on-chain personas, Web3 customers can possess a verified identification to entry real-world providers with out sacrificing decentralization.”

Equally, Dentity customers can now hyperlink their identification credentials to their ENS area utilizing the newly developed integration path.

Jeffrey Schwartz, the founder and CEO of Dentity, famous that “the following billion blockchain customers will not be crypto natives, and so they most likely will not even know they’re on-chain.”

He defined that these customers will use providers that require identification verification in the actual world, resembling entry to academic credentials, skilled licenses and healthcare information.

“Superior DeFi or conventional monetary providers would require real-world identification verification, as they transcend what nameless or pseudonymous blockchain transactions can present,” Schwartz mentioned within the assertion.

By linking digital and bodily identities, this integration may help facilitate the adoption of Web3 applied sciences throughout industries.

About 14,997 .eth names had been registered in July, down 25.5% from the 20,131 registrations recorded in June, on-chain details exhibits.

The variety of registrations additionally represents a decline of 48% from the height of 28,949 registrations in Could.

The decline in registrations underlines the significance of initiatives such because the ENS-Dentity partnership in searching for to broaden the enchantment of ENS domains to a broader consumer base.

On Monday, Ethereum co-founder Vitalik Buterin mentioned registered a brand new Ethereum Title Service area referred to as “dacc.eth” for 0.187 ETH, price roughly $500.

This transfer precedes Buterin’s upcoming dialogue on “defensive acceleration capabilities” at an X Areas discovery occasion scheduled for August 22.

Edited by Sebastian Sinclair