Gitcoin will Release the Gitcoin Passport Web3 Identifier

Key Takeaways:

  • Gitcoin is developing a Web3 digital identity called the Gitcoin Passport.
  • After integrating with Passport, dApps can independently confirm someone’s identity using a programmable algorithm rather than depending on an intermediary.

A functional capacity for developing reliable identity systems has been brought about by the development of Web3, which profoundly integrates financial transfers. We see decentralized identity (DID) as a crucial technological foundation that supports native Web3 applications, despite receiving less attention than DeFi, NFTs, and DAOs.

By opening up larger design space, we can significantly increase the rate of advancement if we develop a shared, adaptable, and resourceful identity layer.

In keeping with DID ideas and the current DID ecosystem, Gitcoin revealed that it would introduce Gitcoin Passport. This Web3 identifier would let users collect “stamps” from various authenticators like Bright ID and Proof of Humanity.

After incorporating with Passport, DApps can independently verify someone’s identity using a programmable algorithm rather than relying on a middleman.

By gathering several stamps in one location, Passport distributes trust among various entities. Stamps are provable credentials. After integrating with Passport, dApps can independently confirm someone’s identity using a weighted algorithm that weighs various stamps by their preferences.

This effectively enables communities to design customizable Visas with their participatory prerequisites.

“At Gitcoin, we’re building an alternative to the extractive way web2 platforms treat user data: Gitcoin Passport, your citizenship pass in the decentralized internet,” the official statement cites.

Gitcoin thinks digital identity is a public good, and their most recent Twitter post about the Gitcoin passport reflects this belief.

To develop Passport, Gitcoin is using an iterative, community-first methodology. DIDs have successfully defended against Sybil attacks during the previous Gitcoin Grants round thanks to the Trust Bonus integration, which also protected user privacy.

With just a few lines of code, Passport’s SDK aims to assist developers in validating digital identity regardless of the blockchain they create. This makes it possible to tell if someone is trying to game the system by using multiple wallets and confirm their participation in various communities and activities.

What emerges, as a result, is a new perspective on online identity that acknowledges the value that users contribute to the digital communities they visit regularly and empowers them to establish a digital reputation as conveniently as they do an offline one.

According to Gitcoin, the development process for their identity solution follows the same open-source principles. Early adopters will directly impact our roadmap and aid in developing a web3-native identity protocol that is adapted to the community’s requirements.

Aadrika Sharma
Aadrika Sharma

I enjoy writing and try to learn new things every passing day!

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