The Polygon project has launched the fifth version of Polygon ID, a service for identification in the web3 space.
The tool allows dapps to verify user data without revealing their personal information. Polygon (MATIC) ID enables identity reuse and interoperability.
Once the issuer provides the information to the owner, it can be reused indefinitely as long as it remains valid and is not withdrawn by the issuer, according to the blog statement.
Identity data can also be shared with other parties under the W3C VC standard. The fifth version has increased the number and variety of available accounts. The developers added a new network issuer to the update, improvements for the issuer node, and a new credential marketplace.
The new functionality simplifies the process and expands the possibilities for generating an account.
In early March, Polygon released a web3 identity service called Polygon ID. With its help, users can confirm accounts without using personal information. Such an innovation can verify user data on the blockchain while maintaining privacy. It uses the so-called zero-knowledge technology.