Identity NFT for Identity Verification in Metaverse & Online Services

Overview

ASTRI developed a blockchain-based identity authentication system that utilises identity NFTs to bridge the gap between virtual world, blockchain, and real-world IDs with verifiable credentials.

  • Identity NFT for Identity Verification in Metaverse & Online Services 0
Commercialisation opportunities
IP licensing, Technology co-development
Problem addressed

Most Metaverse applications are non-business related. To do business, participants must be able to verify identities over the virtual world, blockchain, and real world. To protect privacy, participants need to be able to prove their credentials meet the criteria without exposing their details.

Innovation
  • An identity NFT linking virtual world, blockchain, and real world - Each NFT has an owner - Can serve as unified identity for Ethereum-compatible blockchains
  • A self-sovereign identity management - User controls his real-world credential disclosure - User proves his credentials match certain criteria, but withholds his credential details identity is protected by blockchain security
  • A zero-knowledge-proof identity NFT ownership authentication to prevent identity theft
Key impact
  • Help businesses reduce business loss by allowing them to screen for creditworthy partners
  • Make Metaverse a more vibrant platform with various kinds of businesses
  • Enable Metaverse to become more KYC regulation compliant
  • Help Metaverse to better complement physical world businesses
Award
  • Geneva International Exhibition of Inventions 2025 - Bronze Medal
Application
  • Privacy Protected Property Sales Negotiation & Purchasing on Metaverse
  • Investor matching on Metaverse to seek qualified business partners
  • Client screening for AML (Anti-Money Laundering)

Patent

  • US Patent Application No: 18/670745
  • CN Patent Application No: 202480001389.3
Hong Kong Applied Science and Technology Research Institute (ASTRI)

Hong Kong Applied Science and Technology Research Institute (ASTRI) was founded by the Government of the Hong Kong Special Administrative Region in 2000 with the mission of enhancing Hong Kong’s competitiveness through applied research. ASTRI’s core R&D competence in various areas is grouped under four Technology Divisions: Trust and AI Technologies; Communications Technologies; IoT Sensing and AI Technologies and Integrated Circuits and Systems. It is applied across six core areas which are Smart City, Financial Technologies, New-Industrialisation and Intelligent Manufacturing, Digital Health, Application Specific Integrated Circuits and Metaverse.

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