Solana Foundation introduced the Solana Attestation Solution on May 23, placing the method as a trust layer of what the network’s backers call “internet capital markets.”
The open-source solution allows authorized companies bind off-chain qualifications, such as know-your-customer outcomes, geographic eligibility, or certification status, to a customer’s budget address without subjecting personal data on-chain.
Attestations live inside the purse, traveling across applications, and are verified with a software application advancement set phone call.
According to the announcement, the style eliminates repetitive onboarding checks and removes the demand for each and every job to shop sensitive identification records.
Portable qualifications aim to streamline conformity
The Structure said programmers can release Solana Attestation Solution to satisfy governing obligations, gate region-specific offerings, or construct credibility systems that discourage Sybil strikes.
Financiers can hold “KYC keys” once and recycle them for future token sales, gaming studios can release badges connected to provable player backgrounds, and real-world property platforms can confirm that buyers meet accreditation limits prior to launching digitally wrapped safeties.
Identification carriers in Solana’s community have currently incorporated the brand-new solution. Furthermore, infrastructure companies intend to ingest attestation data for threat scoring and purchase tracking.
The Solana Identity Group developed the procedure. Team participants said they would release extra identity requirements and invite other teams to contribute via open-source databases.
Surge of web funding markets
Solana Attestation Solution gets here as the Foundation and independent builders press the concept of internet capital markets.
The idea consists of a model where home builders can look for funding decentralized through tokens. These symbols act as equities for the building contractor’s item, providing the right to get returns.
The main venue for this new narrative is the Believe app, which allows builders present their ventures and look for financing via posts on X. Australian innovation entrepreneur Benjamin Pasternak and TBH application founder Nikita Bier lately endorsed the application.
As a result, the launchpad’s indigenous token, LAUNCHCOIN, soared 4, 500 % from May 11 to May 14 At the time of writing, LAUNCHCOIN has held a benefit of 2, 800 % given that May 11
Solana’s brand-new attestation solution is main to this brand-new crypto market. It lets decentralized applications validate lawful eligibility without re-creating tradition databases.
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