TL;DR, May has been a month of innovation for Hypersign, with the initiation of research on the integration of Zero-Knowledge Proof for on-chain KYC verification, promising to bring a privacy-centric approach to the verification process. We marked the 224th day of ‘Jagrat,’ our testnet’s first phase, showing a growth of 12% in issued decentralized identifiers and 2% in issued schemas. Fyre is undergoing a complete redesign aimed at delivering an exceptional user experience and enhancing platform efficiency. Strategic partnerships have been formed with Digitalsocial.ID (DSID) and C2E, facilitating improvements in decentralized identity management and user-controlled personal data. Hypersign’s leadership has been active in various outreach initiatives, contributing to discussions on identity management in the Web3 space.
Technical Updates
Hypersign
In the pursuit of making a more secure and private decentralized world, we have initiated our research on Zero-Knowledge Proof and its potential to revolutionize the on-chain KYC verification process. This would allow users to verify their credentials without revealing any personal information, promoting a more privacy-oriented verification system.
On May 10th, we celebrated the 224th day of ‘Jagrat,’ the first phase of the Hypersign testnet. We are pleased to report a 12% growth in issued decentralized identifiers (DIDs) and a 2% growth in issued schemas. For detailed status, feel free to check https://explorer.hypersign.id/hypersign-testnet.
Fyre
Our Fyre team is currently engaged in an extensive overhaul of the platform. With a focus on delivering an exceptional user experience and enhancing efficiency across the board, we’re excited to share the reimagined Fyre with our community in due course.
Partnership Updates
DigitalSocial.ID (DSID)
We’re partnering with DSID to enrich their decentralized identity management system. This collaboration will allow users to build comprehensive reputation scores while retaining complete control over their integrated data. Hypersign will extend its technical expertise and Self-Sovereign Identity (SSI) infrastructure support to DSID.
C2E
Our collaboration with C2E has begun in earnest. We’re joining forces to create a decentralized platform that enables users to maintain control over their personal data. This partnership will leverage DID technology for multiple wallets, providing a streamlined management process and incorporating zero-knowledge-proof technologies for enhanced privacy.
Outreach Updates
- Vishwas Bhushan, CTO of Hypersign, participated in a Twitter space organized by Concordium, discussing reputation management in the Web3 space alongside other industry heavyweights such as Cheqd.io and Digitalsocial.ID. Listen to the recording here: https://twitter.com/i/spaces/1vAxRAynZANJl
- Raj Patil, from our developer relations team, represented Hypersign at two events: the IRL event organized by Exa Protocol and Barcamp Bangalore. He delivered presentations on Hypersign infrastructure and the benefits of self-sovereign identity.
- Fyre’s lead, Pankaj Shukla, joined a Twitter Spaces discussion hosted by CIFDAQ, where he spotlighted Fyre’s role in aiding Web3 projects to engage with their communities while maintaining bot control effectively.
That’s all for our May update! Stay tuned for more exciting advancements as we continue to innovate and grow within the DID and blockchain space. Thanks for being part of our journey.
About Hypersign
Hypersign is an innovative, permissionless blockchain network designed to manage digital identity and access rights. Rooted in the principles of Self-Sovereign Identity (SSI), Hypersign empowers individuals to take control of their data and access on the internet. It provides a scalable, interoperable, and secure verifiable data registry (VDR) that enables various use cases based on SSI. Built using the Cosmos-SDK, the Hypersign Identity Network adheres fully to W3C DID specifications, promoting a seamless and secure identity management experience on the internet.