Polygon Labs Launches “Privado ID”, a Spin-off of its ID Solutions

Odaily News According to a press release, Polygon Labs, the main development team of Polygon, has completed a derivative product of its ID solution, "Privado ID". Its team said, "The team behind Iden3 Protocol and Polygon ID is committed to expanding Privado ID beyond the Polygon network and is currently actively building strategic partnerships with on-chain and institutional organizations. This includes proofs of concept (PoC) with a number of multinational banks and financial services companies, aiming to establish a technical foundation for an interoperable and compatible identity framework... This PoC will also explore the use of Privado ID's verifiable credentials (VC) as an access control point for permissioned financial transactions." (CoinDesk)