In an increasingly digital world, identity is an essential asset. It is used to access services, carry out transactions and prove qualifications. However, traditional digital identity is centralized and susceptible to fraud.To solve this problem, LTO Network, a Hybrid blockchain platform, developed Proofi, a decentralized and secure identity ecosystem. Proofi uses blockchain technology to create a secure and trusted digital identity that can be used anywhere.Proofi is based on a set of open standards, which makes it interoperable with other digital identity solutions. It is also scalable, making it suitable for large-scale use.Proofi is an LTO Network project that was developed by LTO Network's partnership with Chainlink, an oracle network that feeds real-world data to the blockchain. The partnership with Chainlink allows Proofi to access real-world data in real time, or makes it even more secure and reliable. Chainlink is an integral part of this process as it will help make identity attestations on the LTO network available to the broader blockchain ecosystem.Proofi has the Potential to Revolutionize the Way We Deal with Digital Identity. It can make identity more secure, accessible, and trustworthy, which can benefit individuals, businesses, and governments.How Proofi works?Proofi works using a set of open standards called DID (Decentralized Identifier). DIDs are unique identifiers that can be used to represent anything, including people, organizations or objects.Proofi uses DIDs to create a secure and reliable digital identity. To do this, the user first needs to create a DID. The DID can be created using any method, such as a mobile app or a website.Once the DID is created, the user can add information about themselves such as name, address, date of birth and qualifications. This information is stored in a decentralized ledger.It is decentralized and secured by cryptography, making it safe from unauthorized access. Additionally, the registry is auditable, meaning anyone can check the information stored in it.Advantages of ProofiProofi offers a number of advantages over traditional digital identity, including:1) Security: Proofi uses blockchain technology to create a secure and reliable digital identity.2) Interoperability: Proofi is based on a set of open standards, which makes it interoperable with other digital identity solutions.3) Scalability: Proofi is scalable, which makes it suitable for large-scale use.Proofi is a promising project that has the potential to revolutionize the way we deal with digital identity. It can make identity more secure, accessible, and trustworthy, which can benefit individuals, businesses, and governments.$LTO $LINK #regulacao #RWA #CryptoIsBetter #cryptocurreny

Lto network announces its newest construction, which will be delivered in the second quarter of 2024.Lto network is delivering RWA smart contracts integrated with Identities. a combination of its newest proprietary technology ecosystem Ownables with its Proofi Decentralized Identity technology ecosystem.Tokenizing assets requires a strong legal framework as well as technology that can address the complex issues around "identity" and the demonstration of the legal ownership of the asset. Consequently, there is also the requirement to preserve the privacy of sensitive data that defines the legal status and ownership of the assets.LTO Network has built a robust suite of technologies that work together and form our RWA ecosystem to address and solve the current issues surrounding RWAs.Through the integration of our various DApps, we are able to provide the world's most robust and capable RWA platform to handle the entire lifecycle of assets, from on-chain tokenization to DeFi participation and back to off-chain interaction.The majority of these technologies have already been built. We will now rapidly deliver an integrated form of these individual parts and start bringing assets on-chain in the second quarter of 2024.Firm24 is one of the Netherlands' leading business registration notaries, and their modern approach provides an API-driven notary platform. LTO Network will integrate its private layer with its software. This will allow real-world entities to issue RWAs on the LTO Network without manual intervention or a centralized party. The API Integration will be bidirectional.This will allow RWAs on LTO to interact back with the real world.#RWA #regulacao #CryptoIsBetter #cryptocurreny $LTO #projetos_promissores