In a significant move to combat online identity fraud globally, Zetrix has teamed up with Astron-Xinghuo BIF to launch enhanced digital ID verification services. This collaboration focuses on securing the identities of Chinese nationals and businesses abroad through a blockchain-backed platform.
Zetrix and Astron Enhance Global ID Security
Zetrix, a leading layer-1 public blockchain, and Astron, operating under China’s Ministry of Industry and IT, have initiated an exclusive partnership to offer digital IDs outside of China. These IDs are designed for Chinese individuals and businesses, enabling them to digitize their official credentials into Verifiable Credentials (VCs). This partnership is tailored to build trust across borders and streamline international transactions.
Key Features of the ZID Service Explained
The ZID service offers unique features that differentiate it from traditional digital ID systems. For businesses, each VC issued is unique and can be verified internationally in real-time by any government or commercial entity. For individuals, the service extends to digitizing national IDs and even driving licenses. These digital solutions aim not only to simplify but also secure identity verification processes, empowering users with control over their digital identities.
The Impact of Blockchain on ID Verification
Utilizing blockchain technology enhances the security and integrity of digital IDs. Blockchain’s immutability ensures that all VCs issued and accessed through the ZID service are authentic and unaltered. Co-founder TS Wong of Zetrix emphasized that such advancement is crucial for ushering in a new wave of innovation, predicting it to be the “killer application for Web3,” especially with governmental endorsements.
This initiative not only sets a new standard for digital ID verification across borders but also enriches the Zetrix ecosystem as a global ID solution. Zetrix, along with MYEG Group, continues to expand its influence, providing reliable blockchain solutions that bridge the gap between traditional and digital processes in identity verification.
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