AllianceBlock‘s identity issuance and verification platform, NexeraID, is now a member of the World Wide Web Consortium (W3C), the international organization responsible for developing web standards, a recent press release reveals.
Enhancing web2 security with decentralized ID
Decentralized Identifiers are designed to offer enhanced security and privacy by enabling users to manage their digital identities across various platforms.
W3C, led by Tim Berners-Lee, is a global technical consortium that brings together private and public projects, to collaborate on advancing web technologies.
Renowned for its pioneering work on fundamental web technologies like HTML and CSS, W3C facilitates the exchange of ideas and the development of web standards and frameworks.
As a W3C member, NexeraID joins the ranks of prestigious organizations such as Microsoft, Apple, Ethereum Foundation, and Coinbase. This allows NexeraID to engage with industry leaders, to promote the standardization of decentralized identifiers (DID) and verifiable credentials (VC) on the web. Through its involvement in W3C, NexeraID gains access to an extensive network within the web industry while contributing its technical expertise to web development.
Built on the open-source AllianceBlock Nexera Protocol, NexeraID leverages a programmable smart wallet to securely store digital assets and identity information. The solution empowers both enterprises and consumers to seamlessly onboard users to web3 using self-custodial or custodial wallets.
Developers can integrate web3 smart wallets and self-sovereign identities (SSI) into their existing infrastructures, thereby onboarding new users while complying with regulatory requirements. While users can create secure smart wallet accounts using familiar email or social media information, similar to traditional web2 projects.
Wallets can be conveniently managed using biometrics, Apple ID accounts, and Google Accounts, with additional security features such as spending limits and recovery capacity. This move shows NexeraID’s commitment to interoperability and adherence to established DID and VC standards.
Rachid Ajaja, the founder and CEO of AllianceBlock, said the collaboration will significantly enhance developments in digital identity:
AllianceBlock is thrilled to collaborate with other industry leaders within W3C to contribute to the standardization of sovereign identity principles. This collaboration will allow us to leverage our expertise and exchange knowledge, resulting in better practices and advancements in the field of digital identity.
Bridging decentralized and traditional finance
AllianceBlock is a project focused on seamlessly bridging between decentralized and traditional finances. By bridging the gap, AllianceBlock aims to facilitate increased capital flows and foster technological innovation.
The W3C aims to lead the web to its full potential by developing technical standards and guidelines that promote an open, accessible, and interoperable internet for all.
By joining forces with W3C, AllianceBlock’s NexeraID strengthens its position in the digital ID space and solidifies its commitment to comply with web standards. In turn, this will further drive technological innovation.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.