POLKADOT (DOT)
Proof-of-Ink: The Tattoo That Secures Your Web3 Identity
Parity Technologies, led by Gavin Wood, co-founder of Ethereum, Polkadot, and Kusama, is preparing a revolutionary solution for privacy and digital identity on Web3. Called “Proof-of-Ink,” this solution introduces a unique individuality mechanism for Web3 users, allowing them to privately prove their digital citizenship through an algorithmically generated tattoo.
This tattoo, identical for all users and placed on a specific location on the body, guarantees the privacy and uniqueness of each individual, while being signed on the blockchain via a trustless entity. To obtain this tattoo, users will have to spend a small amount of Polkadot (DOT) tokens or use Web3 community vouchers. A video of the last three minutes of the tattooing process will also have to be uploaded to finalize the proof of their individuality.
Wood’s goal is to promote mass adoption of Web3 while protecting users’ financial privacy, a crucial element in avoiding censorship. The “Proof-of-Ink” solution will launch in Q4 2024, with other digital identity mechanisms planned for the following year.