XRP LEDGER (XRPL) has been set to provide a leading feature that would bring a lightweight identity verification to the network.
according to Mayuka FadariThe Ripplex Senior Program Developer, the new “accreditation data” feature will allow the compliance of Kyc (Learn about your customer) and AML (Anti -Money Laundering) without sacrificing privacy or decentralization.
Accreditation data is a new feature that provides a safe and lightweight framework to issue and manage user accreditation data and verify it directly on the LEDGER XRP, allowing strong compliance with the protection of the user’s privacy.
When activated, developers can use the credit data feature to improve the user processes. It will first work with a deposit license, which allows the approval of the messengers automatically instead of passing a manual process. Accreditation data can also be used to clarify the non -advanced transactions in conjunction with a decentralized definition.
More about accreditation papers
Accreditation data aims to complete the recently submitted decentralized identity standard. The accreditation data standard adds the professor’s notebook to the new accreditation data and the types of new transactions to create, accept and delete accreditation data.
Related
Accreditation data can be considered as a normative building for DID. It can be used to ratify the user’s compliance with some criteria (for example, KYC) and version to DID. This is the basis for a simple procedure to access products like the distinctive RWAS.
When combining, DIDS acts as a basic “fingerprint” for each user, while accreditation data provides the identification layer and compliance with various scenarios.
According to Vadari, the amendment of the accreditation data is now for the vote, and it will be its age, after meeting the required voting threshold, more than 80 % of the reliable champion continues to support it for two weeks.
