DITO: Decentralized ID for Tokenization
1.Issuer – an entity that issues verifiable credentials – (KYC Providers)
2.Identity Holder – an entity that holds claims to the verifiable credentials – (Users)
3.Verifier – an entity which verifies the proof presented by the Identity Holder – (Tokenization Platforms, Exchanges, dApps)
First time (without Verifiable Credential):
1.Joins a Verifier’s platform
2.Completes KYC with DID issuer
3.Receives a Verifiable Credential
4.Purchases permissioned tokens (such as security tokens)
Subsequent times (with VC):
1.Joins any Verifier’s platform
2.Automated on-chain verification in real time as User connects wallet
3.Purchases permissioned tokens (such as security tokens)
DigiShares and Polygon are collaborating to create an extension of Polygon ID’s verifiable credentials.
Two leading KYC providers, Sumsub and Fractal ID, are joining the new framework.
Initial support for Polygon, Ethereum and their test-net counterparts, as well as Metamask and several other wallets
Seek feedback from the ecosystem.
Get as many issuers, platform providers, exchanges, KYC providers, and dApp developers as possible to adopt DITO and make it the main DID standard.
Incorporate accreditation checks within the framework.
Learn more about DITO
To learn more or participate in building DITO, please fill out this form