zCloak Network's new product, Valid ID, officially launched its public beta today. This is a new product line launched by zCloak since the launch of zkID series products, a private digital certificate platform based on zero-knowledge proof technology, in October 2022.

With the rapid development of the Web3 industry, the problem of trust transfer on the chain has begun to emerge, and the industry urgently needs to answer the question of "who is who" in the Web3 world. Identity solutions in the traditional Internet industry, such as certificate issuance systems based on CA and PKI, and personal key systems based on PGP and Web of Trust, have inherent problems and are not suitable for use in the Web3 industry. Therefore, the zCloak team proposed a Web3-native institutional identity solution: a decentralized trust network architecture based on multi-party authentication (Multi-Party Attestation Based Web of Trust), and launched the Valid ID platform (https://valid 3 .id).

Valid ID aims to provide a secure and decentralized way for organizations to prove their identity and credentials. By using the Ethereum-compatible cryptographic infrastructure, users can directly use the Ethereum wallet to complete all operations on the platform. By using W 3 C DID and verifiable digital certificates, any institution can enter the Valid ID platform and provide rating and identity authentication services for other institutions, thus effectively realizing a decentralized trust network. Valid ID also provides unique dual protection of cryptography and legal statements to verify and anchor the real identity of the organization, fundamentally guaranteeing the validity and authenticity of the organization's identity authentication.

In zCloak Network's product ecosystem, Valid ID is an important part of its complete set of identity solutions: zero-knowledge proof technology ensures the correctness of the user-side identity authentication calculation process; verifiable digital certificate technology ensures the correctness of user-side data In this process, Valid ID solves the most original trust problem - who is the third-party trusted institution that issues verifiable digital certificates?

Valid ID's usage scenarios and applicable applications go far beyond the scope of digital certificates, such as Valid Sign, a tool for issuing signatures for arbitrary information (text, pictures, documents, etc.), and Trust Tree for establishing a Web3 organizational structure. At the same time, the Valid ID platform will soon launch the Valid Name function that is directly bound to the legal name of the institution, and the Valid Score function that quantitatively evaluates the social authentication results between institutions, striving to become the cornerstone of trust in the Web3 institutional network.

At present, the Valid ID project has officially launched a public beta. zCloak Network sincerely invites various institutions and project parties to participate in the construction of the Valid ID network. Early bird entrants can get exclusive Valid Name and other benefits for free. In particular, welcome to build a Web3 trust network with institutions that are capable of security audits, agency ratings, and have accumulated business and legal data.