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Crypto News

Solana is implementing a new tool for Defi Kyc and checking the user

Solana Solana Servation Service (SAS) has launched. This is a protocol to verify the decentralized identity designed to simplify compliance and enhance confidence across the network.

It is announced on May 23, the tool allows the applications to verify the authenticity of the data outside the chain, such as knowing the customer checks (KYC) and the user’s accreditation. He does this without dealing directly with sensitive user information.

Solana launches the identity layer amid the high interest of global encryption

Solana Foundation He said SAS provides re -use data that can be reusable that can release reliable parties. Once you check this, users can smoothly interact with multiple platforms without repeating the verification or verification steps.

“SAS allows compliance, access to access, reputation systems, and vulgar identity via Solana. It is a better and easier experience for both ultimate users and builders,” said Solana.

This design removes the need for developers to maintain the background of the identity, which greatly reduces the compliance features barrier.

According to the Foundation, SAS supports a wide range of cases of use. These include Defi, control over Blockchain games, SYBIL resistance in DaOS, and the site checking for connected devices.

Builders can use the tool to impose the restrictions based on the area, create the uniqueness of the user, and create programming reputation systems.

SAS is the first version of the newly created Solana Group, a shareholder alliance including CIVIC, Solana.id, Solid, Trusta Labs and the same institution. The group aims to develop identity alternatives that maintain privacy specifically designed for the WEB3 era.

At the same time, the launch comes amid increasing interest in the traditional financing in the infrastructure of Solana. Nzube Ezido described the country’s Solana Superteam NG, SAS as an important part of the sophisticated financial stack of the network.

“This may be one of the most important fats that have been launched very long ago. Since we are quickly drawn in the account of the capital market, the Oracles that keeps RWA in synchronization will need to provide confidence in the chain to the country outside the series,” Ezido I mentioned.

Over the past months, many traditional financial institutions explore the network capabilities of the asset symbol due to its speed and the expansion and low fees.

This is evident by the fact that R3 – Blockchain infrastructure with more than $ 10 billion of assets on the Corda platform – was a partnership with Solana. Cooperation aims at clients on board such as HSBC and other major financial institutions to take advantage of the network features.

Meanwhile, Kraken, a US -based major stock exchange, has announced plans to use Solana’s infrastructure to enable international trading shares listed in the United States.

Market monitors said that these collaborations reflect Solana’s increasing role in filling the infrastructure in the real world and Blockchain.

Disintegration

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