Unika: Web 3.0 Decentralized Anonymous Identity Protocol Built in Blockchain-Agnostic Fashion
There are several reasons for companies to pay attention to blockchain solutions development and the Web 3.0 infrastructure. The biggest one is the potential it has which could affect all industries. Web 3.0 drives veracity and transparency across the ecosystem and blockchain power could go far beyond bringing quality change to numerous fields starting from financial services and ending with agriculture and government segments. Nowadays Web 3.0 is a highly dynamic environment with multiple blockchains but unfortunately, there is still no direct interaction between the ecosystems of these blockchains. That’s why such a structure brings limitations and prevents the development of great interoperable Web 3.0. Popular protocols thus keep staying in one ecosystem, being expensive in operation and are unable to bring much value to the versatile blockchain community, which significantly slows down the way blockchain technologies are paving the way to our hearts.
Why Blockchain Agnostic Solutions are Vital for Web 3.0?
The first blockchain with its virtual currency Bitcoin was introduced in 2008. Later on, multiple blockchain protocols started flourishing. They came to serve various purposes, they are different in use and potential. Some of them are public, some are private, some are slow, and some are fast. Based on what the project needs are, they choose what type of blockchain to use and develop a solution. At the same time, blockchain developers agree that this nascent ecosystem is evolving at a very rapid pace nowadays. It means that some blockchain protocols will see their glory in the future and some might fade away due to their rigid nature they have, which makes them unable to adapt to new challenges. That’s why the time has come for agnostic blockchain solutions. Such software can provide the needed flexibility of usage and secure smooth interaction between different ledger technologies. One of such solutions created in a technology agnostic fashion is Unika, a decentralized anonymous identity protocol.
What is Unika and How does it Operate?
Unika is a Web 3.0 analog of KYC protocols in Web 2.0 and is capable of binding users’ biometric data with their blockchain addresses. It is a GnosisChain 2 Layer solution with increased throughput and scalability, though the integrity of the Ethereum blockchain remains the same. Unika protocol is decentralized, secure, and transparent, moreover, it has the potential to bring even better security and transparency to many spheres of Web 3.0. The main service providers to benefit from Unika implementation are Airdrop platforms, DAO voting platforms, NFT auctions, Cryptolending platforms, Decentralized exchanges, or any other services that need to verify a person’s identity in Web 3.0.
The agnostic nature of Unika allows it not only to function on the Ethereum blockchain but also enables it to identify entities in other blockchains. This could be especially beneficial for Dapps and their users because Unika could facilitate the registration by providing the needed information of all users’ blockchain addresses and other attributes. Let’s discuss the mechanism of the Unika anonymous identity verification procedure.
Step-by-step Unika Identity Verification Procedure
- Send a Request for Verification via uDapp
Unika will have a decentralized application consisting of several smart contracts in the backend enabling the Unika web application (frontend) to connect with the network to run the procedure of biometric identification.
- Request is Proceed through the Network of Validators
Unika validators build a network (uNodes) when each node has special software running on their computers. Validators are in charge of identity verification and the confirmation of the results from other nodes. Also, they will be able to proceed with some special requests coming either from Unika users or Web 3.0 service providers. To make sure that no personal data is compromised the validators are running the software in TEE (Trusted Execution Environments).
- Store Biometric Data
Unika will be using decentralized storage to link users’ biometric data with their blockchain addresses and/or other data crucial for the system functioning well. All the data will be encrypted and protected.
Summing Up
To conclude, it’s important to mention that such solutions as Unika could bring a significant change to the way Web 3.0 is functioning and shape its future development. Unika’s agnostic nature allows connecting many solutions on different blockchains and bringing high-level services to Web 3.0 providers. Without revealing a person’s identity, Unika provides fact-based information about their blockchain addresses and other related data, which makes Web 3.0 a truly safe and transparent place for various business activities.
If you want to get to know more about the project or consider funding this one or any related, get connected with the team through this email. Also, follow us on social networks!