Categories: Payment system news

KILT Launches New Application for Digital Identities

KILT announces the launch of web3name, an application for creating a custom name to represent users’ digital identity. The new approach would increase the transparency of users’ identities without sacrificing the privacy involved with personal data.

  • KILT, a blockchain identity protocol based on the Polkadot network, issues a new form of digital credentials, Web3name(w3n), for users to represent their own digital identities. The credentials recorded on the distributed ledgers will be permanent addresses users can access anytime on the Polkadot ecosystem, as stated in the announcement.
  • Web3name is unlike a decentralized identifier embodied as a unique string of numbers and letters. Instead, it could be translated as simple letters like ingo, doso, etc. Using SocialKYC, an attestation service built on KILT, users can create credentials linking to their own email accounts or GitHub, Discord, Twitter, and others.
  • According to KILT’s prior announcement, SocialKYC would not get users’ personal information stored in any centralized data center.

“Unlike sign-in processes on the internet to date, SocialKYC then forgets about the user and the credential as soon as the credential is issued. The credential, the personal information, and the control remain with the user.”

  • The team considers W3n as an enhancement of how digital identities are processed on the blockchain. W3n doesn’t replace a wallet address but supplements it. One w3n can connect to several addresses. Though only one w3n links to one identity, one may create several identities – work identity, collator identity, and gaming identity – with a different w3name for each, which could also link to traditional media platforms.
  • To collators and validators, in particular, they can link their w3n to any of the addresses they choose, in a way that they can be recognized through their names rather than a string of numbers and letters typically identified as blockchain addresses.
superadmin

Recent Posts

Pompliano Says Bitcoin Spot ETFs Are Safer and More Convenient Than Hardware Wallets for Bitcoiners Holding Over $10,000

Bitcoin expert Anthony Pompliano today tackled a crucial question that serious Bitcoin investors often ask.…

1 hour ago

Bitcoin Slips Toward $74K as Fed Hike Odds Hit 96% After Waller

Bitcoin slips toward $74,000 after Fed Governor Christopher Waller backed a December rate hike. Market…

19 hours ago

Gold Bull Peter Schiff Sees Bitcoin Crashing Toward Cycle Lows Near $59,500

American stockbroker Peter Schiff has warned of an imminent Bitcoin crash following the 2026 U.S.…

22 hours ago

Alta Raises $80 Million to Build the Infrastructure for Onchain Global Banking

Alta, a financial infrastructure company building the foundation for the next generation of global finance,…

1 day ago

Forget ‘Ultrasound Money’? Vitalik Buterin Pushes New Ethereum Store-of-Value Vision

Ethereum co-creator Vitalik Buterin is challenging one of Ether’s most celebrated investment narratives, suggesting that…

2 days ago

XRP Whales Are Quietly Loading Up as Millionaire Wallets Hit Highest Level of 2026; Here’s Why It Matters

XRP whales appear to be making a bold move while much of the crypto market…

2 days ago