The issue of privacy and identity is finally starting to move beyond the dead end of "either anonymity or complete exposure."
Seeing the collaboration between @0xMiden and @billions_ntwk, I honestly think it's a very important milestone in the development of on-chain identity.
Most past KYC/identity solutions essentially entrusted users' sensitive data to a black-box system—to comply, users had to hand over their passports, selfies, and even biometric information; and once leaked, the responsibility almost always fell on the user.
The #Miden + #Billions solution takes a significantly different approach: verification happens once, the proof is reusable, and the data is no longer stored.
Through Billions' ZK identity stack,
users only need to complete identity verification once, receiving a zero-knowledge proof,
instead of permanently stored personal information.
What does this mean with #Miden?
(1) Applications can verify "whether you are compliant"
(2) But never need to know "who you are"
(3) No passports stored, no PII (Private Integrity Index), no data risks.
This is crucial for developers and organizations. Compliance no longer equates to a sacrifice of privacy, but is restructured into a verifiable yet unspyable capability.
If privacy-preserving computation is one of the moats of the next stage of #crypto,
then a composable, verifiable, and privacy-protected identity layer by default is definitely an infrastructure-level existence.
I will continue to follow this collaboration.
