TL;DR: Hypersign upgraded the Jagrat Tesnet with the BBS+ Signature Scheme, fostering use cases around Selective Disclosure. We also partnered with Avisa Games Guild to enhance gamers' data control. Additionally, Hypersign was one of the finalists at the Data Security Council of India’s BPM2023 InnovationBox.
Welcome to the August edition of Hypersign’s monthly update! Before we delve deeper, a quick heads-up: the Hypersign crew will be present at Token 2049. If you're attending, we'd love to connect. Additionally, mark your calendars for the 14th of September. We're hosting a meetup dedicated to Cosmos-based projects in Singapore. Join us and stay updated on our latest insights: https://lu.ma/cosmocon2049. From tech enhancements to fresh collaborations and significant achievements, there's plenty to explore. Let's jump right in!
Technical Updates
This month, our blockchain saw significant enhancements with the upgrade of the Jagrat Tesnet (view here). A major highlight of this upgrade was the introduction of the BBS+ Signature Scheme.
The BBS+ Signature Scheme is a notable digital signature mechanism, distinguished for its capacity to sign multiple messages while generating a singular digital signature. This ability allows users to selectively disclose specific parts of the original signed message set, maintaining the integrity and authenticity of the messages. Furthermore, these disclosures operate on a zero-knowledge basis, ensuring they do not reveal the underlying signature.
In simpler terms, this development has paved the way for advanced use-cases related to Selective Disclosure, enhancing the overall functionality of our blockchain.
Partnership Updates
We’re thrilled to announce our latest collaboration with Avisa Games Guild. On August 3rd, Hypersign and Avisa Games Guild joined forces with a shared vision: empowering gamers. By integrating Hypersign’s verifiable credentials and decentralized identities, we aim to give gamers control over their data and a seamless, portable gaming reputation across different platforms.
General Updates
As we marked the 317th day of the Hypersign Identity Network's testnet, Jagrat, on August 11th, here’s a glance at some of our key statistics:
- Global Validators: 63
- Decentralized IDs saw a growth of +56%
- Issued Schemas witnessed an increase of +42%
In other major news, Hypersign has been listed under the Zero-Knowledge category on platforms like Coingecko.
Furthermore, we're thrilled about our ongoing project that revolves around Cross-Chain privacy preserving KYC using Zero-knowledge proof (zkp) and Interblockchain Communication (IBC) for Cosmos. Interested to know more? Find the details here.
Lastly, in light of the recently passed India's Digital Personal Data Protection Act, 2023, Hypersign stands tall as a proud advocate of digital personal data protection and self-sovereign identity. We’ve delved into the official gazette, providing a comprehensive breakdown of its main components in our recent article.
Outreach
August was a momentous month for us on the outreach front. Hypersign was honored to be among the six finalists at the Data Security Council of India’s BPM2023 InnovationBox. Here, we proudly showcased our Aadhar-based verification system, utilizing the Hypersign chain & zero-knowledge proofs.
That wraps up our August monthly update. We’re dedicated to constantly evolving and bringing you the best of blockchain and identity solutions. Stay tuned for more updates next month!
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 their real-world application at meet.hypersign@gmail.com
