XDC Foundation, the non-for-profit entity incorporated for supporting the growth, development and adoption of the XDC Network, has announced an integration with GlobaliD, a decentralised identity solution, enabling users to privately and securely identify themselves when interfacing with blockchains.
As Layer 1 networks, like XDC Network, continue to roll out mainstream solutions, there is an increasing need for users to be able to bridge identity with on-chain solutions for fast and secure verification.
GlobaliD integration addresses today’s identification challenges by providing self-sovereign ID (SSI) for passwordless login to XDC Network’s leading dApps, protecting users from bots, scams, and bad actors.
By combining GlobaliD’s SSI with the XDC Network’s array of decentralised finance (DeFi) and dApps services, users now have a safer and secure way to access XDC’s growing web3 ecosystem with a pathway for regulatory compliance.
GlobaliD users also gain access to the XDC Observatory — a new, user-friendly analytic and block explorer that offers users improved data management and accessibility.
Billy Sebell, head of ecosystem development at XinFin, commented that, as Web3 matures, enabling users to roam across networks without constant identification holdups will become crucial.
“Mainstream users shouldn’t have to understand the complexities of safe IDs and network bridging – nor should they bear the responsibility of complex identity management, “ he said.
“Integrating GlobaliD with our new XDC Observatory creates the foundation for a streamlined user experience and represents a big step forward towards chain interoperability.”
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.