Gzama! Happy weekend~ ☁️
A lot of you used to see me tweeting late into the morning and thought I didn't get much sleep. Actually, my morning tweets are usually written and scheduled at midnight, and I usually don't get up until noon or in the afternoon, hahahaha 😆
So this post will continue to be scheduled. ✌️
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I've been getting into Zama @zama_fhe's NFTs lately, and I've been researching how @zama_fhe's FHE (Functional Identity Heuristic) achieves on-chain identity composability 👇
Off-chain, we use our identities every day for things like online shopping and booking flights, but doing this on-chain exposes all our sensitive information: name, address, phone number, and so on.
FHE's solution is ingenious:
The complete decentralized identity (DID) + verifiable credential (VC) system runs directly on-chain, with identity information fully encrypted, yet still seamlessly integrated with all DApps.
Just like we had account abstraction, now we have "identity abstraction."
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This is also crucial for compliance in on-chain payments and tokenization. Smart contracts can verify claims in a decentralized and private manner without exposing any sensitive data.
Most crucially, composability is key—all ciphertext is encrypted under a single public key, and the private key is protected by multi-party computation (MPC) sharding, ensuring both security and on-chain composability.
This also means that identity information can seamlessly interact with all on-chain applications, including DeFi protocols, NFT marketplaces, and DAO governance, while maintaining complete privacy.
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Imagine: in the future, we can use encrypted identity information to complete KYC and participate in governance voting on-chain, without anyone being able to see our real identity data.
This is not just a technological advancement; it's a revolutionary breakthrough in on-chain privacy infrastructure.
Zama's solution may become the standard for the next generation of Web3 applications. 🤔