Tattoo that protects your Web3 privacy
Parity Technologies is launching a Web3 individualization solution, a critical missing component for mainstream Web3 adoption.
The new solution created by Proof-of-Ink allows users to verify their digital identity in a confidential manner through a unique tattoo that serves as proof of digital citizenship.
According to Gavin Wood, co-founder of Ethereum, Polkadot and Kusama, color proofing is set to begin in the fourth quarter of 2024.
Speaking at the Web3 conference in Berlin, Wood announced:
“We've been able to deploy the initial palette and launch the app at some point this year, hopefully in the last quarter … We plan to launch the other two platforms next year.”
While Wood teased that one of two additional digital identity solutions is in development, he didn't share any details about their mechanics.
Mainstream adoption is critical to any technology paradigm. According to experts like Wood, the adoption of Web3 will create a more decentralized and user-centered Internet, viewed as a free public good to help humanity.
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Color Proof: What we know so far
Color verification requires these algorithmically generated tattoos on a specific part of the body to add a privacy component to the solution, Wood explained.
“The place is the same for everyone. This is part of the guarantee of individuality through the use of a trustless entity, with the idea of a unique design, a signed onchain, of all the things I've talked about about privacy.
For each new user's tattoo, the blockchain generates random numbers that create algorithmically generated designs that are unique to all users.
Before the app launches later this year, users will have to spend small Polkadot (DOT) tokens, or potential vouchers, that can be shared within the Web3 community.
This serves as a form of Sybil resistance against spam, Wood explained.
Finally, color proof users upload a video of the last three minutes of the tattooing process, which ultimately serves as proof of the person's Web3 individuality.
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Web3 individualism seeks privacy to avoid financial censorship
Digital individuality solutions can greatly enhance mass Web3 adoption to provide consumers with true financial privacy, Wood said.
“What we want to be able to do is not have a transactional signature. Instead, we want to have proof. Proof that doesn't identify us.”
According to Wood, the first famous whistleblower to raise the importance of financial privacy to avoid censorship was Edward Snowden. Wood explained:
Other examples of financial censorship include Visa and MasterCard's decision in 2010 to block payments to the hacking website WikiLeaks.
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