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HomeCoins NewsBitcoinCardano's Prism Turns into Hyperledger Identus: A Decentralized Identification Framework

Cardano's Prism Turns into Hyperledger Identus: A Decentralized Identification Framework

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  • Cardano's Prism has switched to Hyperledger Identus, an open-source framework for decentralized identification functions.
  • IO Engineering and group builders keep Identus, which helps merchandise like Midnight, RealFi, and Lace.
  • Charles Hoskinson emphasizes that identification ought to improve merchandise, not flip the consumer into the product itself.

Cardano founder Charles Hoskinson introduced that Prism has change into Hyperledger Identus, a decentralized identification framework. Hoskinson emphasised the significance of self-sovereign identification (SSI), the place customers management their very own identification with out being commodified by centralized entities.

Hyperledger Identus is an open-source identification framework underneath the Apache2 license. Cardano's analysis arm, IO Engineering, is creating this identification framework with group enter. It types the spine of key Cardano merchandise equivalent to Midnight, RealFi and Lace, which use it for his or her identification wants. Hoskinson stated the identification ought to improve the consumer expertise with out turning people right into a product.

Hoskinson's remark is in keeping with Cardano's emphasis on decentralization. Frameworks like Identus are important for blockchain tasks as a result of they permit customers to take care of management over their private knowledge and guarantee privateness with out compromising product performance.

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Hyperledger Identus permits the launch of Midnight's Testnet

Midnight, one of many Cardano-based merchandise that makes use of Hyperledger Identus, has launched its public testnet.

Midnight is Cardano's sidechain and combines knowledge privateness together with blockchain transparency. It makes use of zero-knowledge cryptography to guard delicate knowledge whereas making certain regulatory compliance. Designed to handle privateness considerations in decentralized functions (dApps), Sidechain additionally ensures regulatory compliance by way of zero-knowledge cryptography.

Mixed with Hyperledger Identus, Midnight can play an important function within the Cardano ecosystem and supply core identification administration providers. As for the launch, Hoskinson praised the event crew and inspired the group to acknowledge their efforts.

“It's price placing some love their approach.”

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Which means Cardano's deal with decentralized identification, powered by Hyperledger Identus, is a step in direction of reimagining how identification works within the digital age and creating safe and privacy-preserving decentralized functions.

With merchandise like Midnight and RealFi already utilizing this framework, the imaginative and prescient of sovereign identification is changing into a actuality, making certain that identification stays within the palms of customers, not companies.

Disclaimer: The knowledge offered on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any sort. Coin Version shall not be answerable for any losses incurred on account of the usage of stated content material, services or products. Readers are suggested to train warning earlier than taking any motion associated to the Firm.

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