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Sead Fadilpašić
Journalist
Sead Fadilpašić
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Digital identity platform Privado ID, formerly Polygon ID, has announced a merger with Disco, a multichain verifiable data and reputation management team.
According to the press release shared with Cryptonews, Unified Identity is “essential for bringing the world on-chain in the age of AI.”
Privado ID, on its part, is building the technical roadmap to achieve it. It will include a path toward easy verification of identity data on any chain.
The protocol design will utilize zero-knowledge proofs to ensure the quality and security of identity data (i.e., KYC, proof of age, and proof of humanity).
Therefore, the Disco merger will help them create a unified, chain-agnostic digital identity infrastructure that bridges Web2 and Web3.
It will also accelerate the adoption of this infrastructure, the team said.
Thanks to the merger, Privado ID will expand across multiple chains. These include Optimism, Arbitrum, and Base, among others.
Additionally, said the announcement, “the merged entity is in advanced conversations to bring their combined identity solutions to DeFi platforms, enterprise ecosystems, and governance structures.”
Moreover, Disco founder Evin McMullen, a former project lead at blockchain software technology company Consensys, has joined Privado ID as a co-founder and chief strategy officer.
He will work to hasten the development of the Unified Identity Protocol.
Privado ID CEO David Z commented that “connecting verifiable trust across protocols is the key to abstracting away blockchain and data complexity, a thesis we have shared first in partnership with Disco, and now as teammates.”
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The press release argued that an integrated identity system is essential in the world of growing AI and increasingly complex digital interactions.
According to Jordi Baylina, Polygon co-founder and advisor to Privado ID, “the combination of Disco’s innovative approach and Privado ID’s global reach is perfectly timed for the age of AI, where identity and privacy are more critical than ever to the success of decentralized technology.”
This new identity system will redefine online engagement, the teams said, and make the digital sphere more user-friendly, efficient, and secure.
It will also be possible to lower the cost of trust across industries.
Unified Identity will enable users to interact with anybody in the world, manage their own identities, and share verified data across multiple platforms.
They’ll easily prove age, location, or personhood, which “allows for perpetual verifiability across any single app, service, chain, or space.”
When it comes to protocols and businesses, this solution will enable the automatic delivery of “benefits and opportunities to the proper parties across the connected world.”
The novel tech will scale capabilities like proof of humanity, reputation-based access control, risk management, and incentive management across all chains and connected systems, the announcement said.
Disco’s proficiency in decentralized identity and verifiable data technologies, such as Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs), improves cross-chain compatibility and enables Privado ID to expand its services across various EVM-compatible chains.
Also, Disco’s ‘Data Backpack’ concept will help Privado ID’s mission to give users control over their credentials across all digital platforms.
“It serves as a virtual repository where users can consolidate their online presence seamlessly, creating a comprehensive, user-centric identity solution,” the announcement said.
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Antoni Martin, co-founder and COO of Privado ID, remarked that Web3’s future lies in scalability, interoperability, and user empowerment.
The merger will enable a decentralized identity framework to operate seamlessly across multiple chains and platforms. At the same time, developers will get the tools to build more secure, efficient, and personalized applications.
“This will drive the next wave of innovation in digital identity,” Martin said.
Per Evin McMullen, founder and CEO of Disco, Privado ID has “redefined citizenship of the new internet.”
Discro focused on “scaling trust with neutrality, and by joining forces, we’re advancing our shared mission to make the connected world more personal, efficient, secure, and delightful,” he said.
Sandeep Nailwal, Polygon co-founder and advisor to Privado ID, stated that Disco’s technical knowledge and clear strategic vision are “undeniable.”
“In an era where AI reinforces the need for persistent reputation, this merger brings together two complementary powerhouse teams.”
The Unified Identity protocol will enable “billions of users worldwide to safely interact with the next generation of the web,” Nailwal said.
Meanwhile, Privado ID has implemented proofs-of-concept (PoCs) with multinational banking and financial service companies.
It recently partnered with Telefónica Tech, the technology arm of telecommunications giant Telefónica, to accelerate the adoption of privacy-centric digital identities in the EU.
