On-Chain Verifiable Credentials and Public User Data
Enhancing Data Integrity and Transparency with Hyperic
With HyperID, users can seamlessly integrate and manage multiple wallets from various blockchains, enabling Cross-Chain Interoperability. Moreover, HyperID implements on-chain Verifiable Credentials and empowers service providers to securely store public user information on the blockchain. This functionality opens up new possibilities for unique features and personalized experiences.
HyperID incorporates Verifiable Credentials concept to enhance data integrity and privacy both on-chain and off-chain. This implementation is achieved through two approaches within the HyperID ecosystem. Firstly, HyperID acts as an Issuer of Verifiable Credentials, allowing users to obtain and manage their credentials directly from the HyperID platform. Secondly, third-party services can serve as Issuers, leveraging HyperID to securely store user data on-chain with the explicit consent of the user, utilizing the Verifiable Credentials concept.
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One of the key features is the use of zkProofs (zero-knowledge proofs), which ensures that no sensitive user data is revealed during the verification process. This cryptographic technique enables users to prove the validity of their credentials or transactions without disclosing any unnecessary information, thus maintaining the privacy and confidentiality of their data.
To facilitate the verification process, HyperID provides a smart contract that serves as an on-chain Prover. Third-party contracts can access the verifiable credentials stored in a user's wallet and verify the authenticity and integrity of the data through the Prover contract. This integration enables seamless data verification and ensures that user data remains trusted and tamper-proof within the HyperID ecosystem.
Another notable feature offered by HyperID is the ability for Service Providers to store public information about their users on the blockchain using the robust HyperID infrastructure. This information can be stored in the form of non-fungible tokens (NFTs), which provides Service Providers with unique opportunities for data representation and management.
For example, this will be a useful feature when collecting player statistics for on-chain gaming platforms. With on-chain data available, platforms can rank players and reward exclusive gifts to the most active ones.
This feature greatly enhances the transparency and immutability of user data, ensuring that it can be easily accessed and utilized by relevant parties. By leveraging the HyperID infrastructure and the power of NFTs, Service Providers can unlock new possibilities for data-driven interactions and create engaging experiences for their users within the Web3 ecosystem.