#BinanceSquareCreatorAward Parity Technologies is set to unveil a groundbreaking Web3 individuality solution, addressing a significant gap in the journey toward mainstream Web3 adoption.
This innovative offering, named Proof-of-Ink, will allow users to assert their digital identity while maintaining privacy, utilizing a distinctive tattoo as a mark of digital citizenship. Scheduled for release in the fourth quarter of 2024, this initiative was announced by Gavin Wood, co-founder of Ethereum, Polkadot, and Kusama.
During his keynote at the Web3 Conference in Berlin, Wood stated, “We are prepared to deploy the baseline palette and launch the app later this year, ideally in the final quarter… We plan to introduce the other two mechanisms next year.” While he hinted that one of these additional digital identity solutions is further along in development, he refrained from disclosing specific details about their functionalities.
For any technological advancement, mainstream acceptance is vital. Visionaries like Wood believe that embracing Web3 will foster a more decentralized and user-focused internet, envisioned as a public resource that benefits humanity.
What we know about Proof-of-Ink so far is that it will require users to have these algorithmically generated tattoos placed in a specific location on their bodies, enhancing the solution's privacy aspect. Wood elaborated, “The location will be uniform for everyone. This is essential for ensuring individuality while maintaining privacy, through a unique design that is signed on-chain, utilizing a trustless entity.” Each new user tattoo will be created using random numbers generated by the blockchain, resulting in unique designs for every individual.
Before the app's launch this year, users will need to spend a small amount of Polkadot (DOT) tokens or potential vouchers that may circulate within the Web3 community. This measure is intended to provide a form of Sybil resistance against spam requests, as explained by Wood. Ultimately, Proof-of-Ink users will be required to upload a video documenting the last three minutes of the tattooing process, which will serve as proof of their digital identity.
Would you be willing to have a national ID as a Blockchain Tattoo?
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