TL;DR, January witnessed major strides in Hypersign's journey, particularly in the realm of Self-Sovereign Identity (SSI). A key highlight was the launch of the Prajna Testnet, marking a significant advancement in SSI technology. This testnet, based on the Jagrat testnet, focuses on privacy, interoperability, and correct implementation of W3C specifications. Additionally, Hypersign engaged in creating a CosmWasm based Proof-of-Concept for Cosmos Ecosystem, aiming to provide a reputation score to Decentralised Identifiers. January also saw significant partnerships with entities like Chainlink and Reef, focusing on on-chain KYC and real-world asset tokenization.
Technical Updates
Launch of Prajna Testnet
A pivotal development, the Prajna Testnet, represents a leap in SSI technology and on-chain KYC. This testnet emphasizes privacy, interoperability, and compliance with W3C specifications. It introduces privacy enhancements like zero-knowledge proofs and supports various cryptographic keys and wallets like Keplr, Metamask. Prajna fosters interoperability through Interchain Blockchain Communication (IBC) and offers tools like the Hypersign SSI SDK and Encrypted Data Vault. The network also introduces fixed SSI transaction fees for cost efficiency. Read more about Prajna Testnet.
Smart-Contract Solutions for Cosmos Ecosystem
The month began with exploring Smart-Contract solutions for providing a Web3 Identity-based solution. A CosmWasm-based Proof-of-Concept is underway, aimed at assigning a reputation score to Decentralised Identifiers (DID) through on-chain tasks.
Highlights
- Recognition: Featured among the Top 10 projects in the Cosmos ecosystem by weekly GitHub commits.
- Token Locking: 16M $HiD of the Hypersign team locked for 6 months (3 months Lock + 3 months vesting), amounting to 32% of the total supply.
- Exchange Listing: $HID listed on the AIO Exchange.
- Major Event Participation: Presence at the 31st Convergence India Expo, India's leading tech and infrastructure event.
- Spaces Events:
- Cosmos & Privacy Protocols: Featuring Sistla Abhishek (OmniFlix Network), Cody Marx Bailey (Andromeda), Alexander Zaidelson (SCRT Labs), Zaki Manian (Sommelier Finance), and Jeet Samarth Raut (Agoric and CosmosHoss). Listen to it here.
- Indian WEB3 Ecosystem: With Ayush Ranjan (Huddle01), Santosh Panda (Foundership), Prashant Maurya (Spheron Network), Vikas Singh (NFTFN), and Nilotpal Mukherjee (Symbiote). Listen to it here.
- State of Identity Management in WEB3: Engaging with founders of digitalsocialID, Disco, Turf, and Comdex. Listen to it here.
- hack:DID 2.0 Initiative: Launched at NMAM Institute of Technology, offering workshops on Blockchain & Decentralized Identity nationwide, with hands-on experience using Hypersign tools.
Partnerships
Chainlink and On-Chain KYC
This partnership enhances decentralized identity and credential interoperability through a secure, privacy-focused Cross-Chain KYC verification system, leveraging Chainlink's Functions and Hypersign's identity solution.
Reef and Real World Asset Tokenization
Collaborating to deploy Hypersign’s KYC solutions on the Reef Chain. This partnership is critical in tokenizing real-world assets, ensuring compliance and security in the process.
Altme and On-Chain KYC
This collaboration aims to revolutionize identity verification within blockchain networks. Altme's non-custodial multichain wallet will play a major role in making Hypersign KYC solutions cross-chain.
Spherium Finance and On-Chain KYC
Working with Spherium Finance to explore the application of Hypersign's Cross-Chain KYC solutions. This partnership aims to streamline identity verification processes, enhancing security and user experience in the financial domain.
The momentum gained in January sets a robust foundation for Hypersign's future endeavors. The launch of the Prajna Testnet and ongoing technical developments reflect our commitment to enhancing digital identity management across various sectors. Our partnerships with leading industry players like Chainlink, Reef, Altme, and Spherium Finance pave the way for groundbreaking solutions in on-chain KYC and digital identity verification. Hypersign remains dedicated to innovating and integrating efficient, secure, and privacy-centered solutions in the ever-evolving digital landscape as we move forward. Stay tuned for more updates in our journey towards revolutionizing digital identity and trust in the Web3 ecosystem.
About Hypersign
Hypersign is an innovative, permissionless blockchain network that manages digital identity and access rights. Rooted in the principles of Self-Sovereign Identity (SSI), Hypersign empowers individuals to take control of their data and access on the internet. It provides a scalable, interoperable, and secure verifiable data registry (VDR) that enables various use cases based on SSI. Built using the Cosmos-SDK, the Hypersign Identity Network is recognized by W3C (World Wide Web Consortium), promoting a seamless and secure identity management experience on the Internet.
Get in touch with us today to understand the nuances of the decentralized identifier and on-chain KYC at meet.hypersign@gmail.com
