Chainlink has announced that its DECO sandbox is now open to the public, Foresight News reported. DECO is the underlying zkTLS-oracle technology used to verify and authenticate network data in a privacy-preserving manner.
The DECO Sandbox enables financial institutions and businesses to explore how to simplify user onboarding while maintaining data privacy and ensuring data provenance. Developers can test scenarios such as conducting customer identity checks without revealing personal details.
Verify that customers have sufficient funds in multiple bank accounts through data sources from account service providers and conduct auditable sanctions screening using tamper-proof and time-stamped proofs of these checks.