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.

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