An identity can be in a form of connection which is associated with an entity’s characteristics, qualities, reputation, existence, uniqueness and other aspects. An entity can even have more than one identity under different use case scenarios and circumstances. Hence, the concept of identity has often become complex and difficult to define.
In the context of Usechain, the meaning of “Mirror Identity” can be define as the identity address mapping protocol that is being utilised in the ecosystem. The protocol ensures that the identity off-chain remain anonymous and privately secured, only the address will be mapped on the blockchain. Such address transaction records will be open and transparent.
Usechain will be using the identity mapping system which can be applied to a wide range of commercial applications. It will establish a multi-level correspondence mechanism between the addresses on-chain and the authenticated user entities. Only the mapping relationship is recorded on-chain while other private information is undisclosed. The identity authentication mechanism is implemented while providing complete privacy protection.
The mirror identity protocol has created an environment whereby the users’ private information can be integrated with blockchain technology without having their privacy or security being compromised. This can be used in various application scenarios such as identity token , decentralized exchange, global payment, financial services, etc.
In addition, the mirror identity protocol can allow regulatory agencies to have better efficiency to facilitate and managed AML activities, as any illegal records can be traced and reflected on addressee identity blockchain.
Usechain strive to improve the blockchain industry through technological innovation, leading the way towards a more transparent, healthy and stable ecosystem growth.
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