LayerZero and Trident3 launch P2P digital identity on over 70 blockchains

Trident3 has recently integrated peer-to-peer digital identity solution T3id with LayerZero. This collaboration will allow users to quickly identify themselves on over 70 blockchains connected through LayerZero’s infrastructure.

“Peer-to-peer identity verification simply means that I can verify who is on the other side of a transaction, or I can verify that I receive an email from an entity, and I only open it because it’s been verified that it’s actually that entity,” Steve Goldstein, CEO of Trident3, shared with crypto Briefing. “And then when you add in our data solution, the benefit of this partnership with LayerZero is the 70+ blockchains that they partner with.”

The T3id is a non-fungible token (nft) that cannot be sold or transferred, tying it to a wallet and making the identity unique. Users will be able to use the same identity on different blockchains through a “lock and mint” model, which involves locking the original nft in a smart contract and minting an equivalent on another network.

Simon Baksys, vice president of business development at LayerZero Labs, said Trident3’s efforts to mitigate on-chain risks and introduce an additional layer of digital identity are “a fantastic use case.”

“Part of the reason we collaborate here is that we believe strongly in meeting the user where they are. What that means from a digital identity perspective is taking this T3id token and making it available to all ecosystems, all users who need it and want it,” Baksys added.

In particular, Goldstein said that the utility of T3id goes beyond security concerns, allowing entities to identify real users. Meanwhile, nft holders will be able to choose what information they want to share on-chain.

“The nft is kept in the wallet and then the user chooses their name and then it is up to them what information they want to upload to authenticate. You can upload a photo, your passport, your driver's license. He can upload any of these certificates to authenticate himself,” Goldstein explained.

So, while T3id aims to solve the digital identity problem by giving Web3 users an easy way to be identified on-chain, it also keeps them protected by avoiding sharing too much information.

“There will always be a percentage of people who want to live in that decentralized world where they want to stay hidden, that’s fine. But anywhere people want transparency, convenience, and security of actually knowing who’s on the other end before they make that transaction. That’s why T3id is so important, it’s a whole new way of looking at identity just to verify it,” Goldstein concluded.