Identity Verification
Last updated
Last updated
Traditional identity verification struggles with privacy concerns, centralized storage risks, high costs, time-consuming processes, data inefficiencies, lack of interoperability, compliance complexities, and fraud risks. BAVO enables users to prove eligibility without revealing specific details, ensuring seamless privacy compliance. Some typical examples include age-like verification and reusable verification.
Proof of Humanity (PoH) is crucial in ensuring that online participants are genuine individuals rather than bots or fake identities. Existing PoH methods, such as CAPTCHA and hCAPTCHA, focus on human verification tests to achieve Sybil resistance for Web3 applications.
BAVO introduces a new approach to PoH by re-using existing identity/KYC results. For example, consider the case of Alice, an active Twitter user seeking access to a chat service provided by a new decentralized social protocol. BAVO can create an attestation for Alice after verifying that she has posted more than 100 tweets within the last quarter. This attestation can then be re-used by the new protocol to ensure Alice's humanity, utilizing the verification results from BAVO.
BAVO's innovative solution enhances Web3 identity systems by reducing trust assumptions and integrating specialized verifiable attestations. By binding these attestations to specific Web2 data sources, BAVO ensures authentication and privacy preservation. Additionally, BAVO introduces a new type of Proof of Humanity by leveraging existing identity/KYC information, enabling the creation of more secure and trustworthy Web3 applications.