Polygon and Hypersign to bring Decentralized Identity and Security to the Global Blockchain Community
Polygon Network (previously Matic) and Hypersign to work together to accelerate mass adoption of decentralized applications with the power of secure ID and safe access.
BENGALURU, India, June 14, 2021 /PRNewswire-PRWeb/ -- Ethereum's Internet of Blockchains Polygon Network, and Identity and Access Management (IAM) start-up Hypersign will collaborate to bring decentralized identity and security to the global blockchain community.
With blockchain technology and decentralized applications poised for mass adoption, there have been multiple problems slowing down growth. One challenge is that while Ethereum is the blockchain development platform of choice, it has limitations like low throughput, poor UX and no sovereignty. Adding to this are the security threats and privacy breaches that come with customer-facing applications that rely on third party authentications like OTP or social logins like Facebook or Google.
The Polygon-Hypersign partnership will solve for these two challenges by bringing the efficiencies of secure ID and access management to the decentralised ecosystem. In the first stage, the Hypersign team will deploy their DID layer on the Polygon Network, and provide support for the Polygon Network in the SSI SDK. This deployment would enable any team looking to use Polygon for the Identity layer to use the DID registry layer.
Arjun Kalsy, VP Growth at Polygon: "We're pleased to work with Hypersign to supercharge Decentralized ID (DIDs) on Polygon, and we believe this is a strong first step to empowering users and protecting their privacy."
The collaboration will also enable users of the Polygon Network to access Hypersign's password-less authentication, verification and authorization services. And on the other side, it will allow Hypersign users to access Polygon's low-cost transaction functions.
Irfan Khan, Co-founder of Hypersign: "It's an honor and a real pleasure to be working with Team Polygon to develop and deliver DID technology. Polygon has been instrumental in the mass adoption of decentralized applications and now they will outdo themselves again with bringing decentralized ID to everyone."
Both companies envision a decentralized future in which people and machines collaborate and exchange value globally and freely, but with the highest grade of security and without the threat of data breaches. The two companies teaming up is a step towards making this vision a reality.
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon's scalability solutions have seen widespread adoption with 400+ Dapps, ~232M txns and ~1.3M+K unique users.
About Hypersign
Hypersign is a simple-to-use authentication and security solution that secures user data by combining Public Key Infrastructure with Blockchain. It's a product of Hypermine Labs, an avant-garde technology and research organization that is dedicated to building trust and transparency in the real world. In line with a vision to create a world where privacy is a fundamental right, and where our data is secure and belongs to us, Hypermine designed the Hypersign protocol as a solution that's fully compatible with OAuth, and offers password-free authentication, verification & authorization services that integrate with any ecosystem in minutes.
Website: https://hypersign.id
Twitter: https://twitter.com/hypersignchain
Telegram: https://t.me/hypersignchain
Media Contact
Himanshu, Hypermine Pvt Ltd, +91 8867116216, [email protected]
SOURCE Hypersign
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