Introducing Three Protocol: Building An Alternative To Centralized Digital ID’s and KYC with No-KYC Zero Knowledge Proof, Decentralized Digital ID’s

Three
Protocol,
a
new
project
is
building
an
alternative
to
centralized
digital
ID’s
and
KYC
with
no-KYC
zero-knowledge
proof,
decentralized,
digital
ID’s
(ZKi3s)
in
online
marketplaces,
announced
its
main
features
rivaling
those
of
industry-established
brands,
such
as
Polygon
ZKP,
Starknet,
zkSync,
and
DOP.
The
project
aims
to
help
users
engage
in
secure,
private
digital
interactions
within
a
fully
decentralized,
trustless
environment.

Zero-knowledge
proof
(ZKP)
IDs
are
increasingly
in
demand
in
the
emerging
Web3
economy.
Blockchain-based
systems
can
ensure
better
performance
and
security
in
this
landscape
than
the
traditional
Web
2.0
has
to
offer.
Their
focus
on
scalability,
decentralization,
and
privacy
offers
a
bridge
for
Web
2.0
online
marketplaces
toward
Web3.
Meanwhile,
the
latter’s
reliance
on
national
identification
and
KYC
requirements
affects
user
safety
and
privacy.
Moreover,
imposing
verification
excludes
many
from
participating
in
online
economic
activities,
especially
those
who
are
unbanked
or
lack
proper
identification.

Three
Protocol
eliminates
KYC
(Know-Your-Customer)
or
national
identification
requirements
for
marketplace
access,
allowing
the
unbanked
and
debanked
communities
to
engage
in
online
commerce.
Signing
up
requires
only
a
crypto
wallet
and
the
implementation
of
Zero-Knowledge
Proof
Psudoanonymised
digital
IDs.
Therefore,
a
user’s
profile
on
the
blockchain
is
only
a
SHA256-hashed
immutable
entry
on
blockchain
technology.

ZKi3s
are
no-KYC,
zero-knowledge
proof
blockchain
entries
showing
the
owner’s
online
relationship
history
reputation,
which
forms
the
basis
on
which
all
Three
Protocol
systems
function.
Individuals
can
mint
their
own
ZKi3s
without
providing
national
ID,
biometric
details,
or
passing
KYC
verification.

A
ZKi3
is
used
to
send
ZK-Stark
proofs
between
a
review
issuing
protocol
(e.g.,
an
online
marketplace)
and
an
issuing
protocol.
This
can
occur
whenever
a
user
desires
to
collect
a
review
or
reputation
score
for
any
digital
relationship
or
transaction.
The
ZKi3
is
never
visible
publicly
on
the
blockchain,
ensuring
the
user’s
transactions
remain
private.

Three
Protocol
confirmed
that
the
algorithmic
formulae
for
ZKi3s
will
be
made
open
source.
Therefore,
any
digital
platform
or
online
marketplace
can
integrate
ZKi3s
via
a
permissionless
process.

Three
Protocol
also
uses
a
Neural
Network
AI
model
employing
cutting-edge
alphanumeric
AI
algorithms
to
build
a
real-time
updated
product,
a
service,
and
a
real-world
assets
interface
for
users.
Furthermore,
Three
Protocol
introduces
the
concept
of
DAIOs
(Decentralized
Artificial
Intelligence
Organizations)
to
implement
open-source
updatable
AI
systems
and
ensure
users
make
informed
decisions
when
voting.

ZKP
ID
providers
take
different
approaches
to
the
main
aspects
that
define
a
ZKP
ID
system’s
performance.
These
aspects
include
government
access,
privacy,
KYC
requirements,
open-source
nature,
use
of
ZK-STARKs,
and
trustlessness.
Here
is
how
Three
Protocol
regards
these
manners
and
how
it
ranks
against
other
leading
projects,
including
Polygon
ZKP,
Starknet,
zkSync,
and
Data
Ownership
Protocol
(DOP).

Government
Access

Three
Protocol
prioritizes
the
user’s
control
over
their
data
and
activities.
Its
decentralized
ZKP
digital
ID
technology
maintains
such
sensitive
information
inaccessible
to
third
parties.
Besides
Three
Protocol,
only
a
handful
of
other
ZKP
providers
have
this
approach.
On
the
other
hand,
projects
like
Polygon
ZKP,
zkSync,
and
DOP
prioritize
regulatory
compliance
over
user
autonomy
and
self-sovereignty.

Privacy

Three
Protocol
employs
cutting-edge
ZK-Stark
technologies
to
guarantee
the
user’s
identity
remains
anonymous.
This
feature
sets
this
project
apart
from
other
similar
initiatives.
For
example,
Polygon
ZKP
considers
its
system’s
scalability
more
important
than
keeping
the
user’s
ID
secret.
Meanwhile,
zkSync
utilizes
ZK-Rollups
to
prevent
third-party
access
to
user
information
but
still
requires
KYC
from
its
users.
Lastly,
DOP
adopts
a
selective
transparency
and
regulatory
compliance
policy
and
disregards
user
confidentiality.

KYC
Requirements

One
of
the
most
appealing
aspects
of
ZKP
identification
is
that
it
often
doesn’t
require
KYC
verification.
Three
Protocol
ensures
its
users
enjoy
this
benefit
and
keep
their
sensitive
information
secret.
Apart
from
Three
Protocol
and
DOP,
only
a
few
other
projects
follow
the
same
practice.
At
the
other
end
of
the
spectrum,
projects
like
Polygon
ZKP,
Starknet,
and
zkSync
require
users
to
pass
Know-Your-Customer
procedures,
affecting
user
inclusivity
and
privacy.

Open
Source
Code

Three
Protocol
is
among
the
industry’s
top
ZKP
DID
providers,
along
with
Polygon
ZKP,
Starknet,
and
zkSync,
maintaining
an
open
source
code.
This
feature
allows
the
project’s
growing
community
to
contribute
and
scrutinize
its
development,
thus
enhancing
its
trustworthiness.

ZK-STARKs
(Zero
Knowledge
Scalable
Transparent
Argument
of
Knowledge)

Three
Protocol
utilizes
ZK-STARKs
to
provide
security
against
privacy
threats
and
enhance
performance
levels
without
affecting
decentralization.
Only
a
few
other
projects
follow
this
practice,
e.g.,
Starknet.
However,
more
prominent
brands,
like
Polygon
ZKP,
zkSync,
and
DOP,
do
not
consider
ZK-STARKs
a
priority.

Trustless

Three
Protocol
uses
tri-signature
smart
contracts
and
DAO
governance
to
ensure
a
fully
decentralized
and
trustless
experience.
Moreover,
it
provides
unbiased
dispute
resolution
and
self-custody,
setting
an
industry
standard
with
this
approach,
which
only
a
few
other
brands,
such
as
Starknet
and
zkSync,
also
follow.

About
Three
Protocol

Three
Protocol
is
Tectum
Labs’s
first
incubated
project.
Its
mission
is
to
modify
the
current
paradigms
of
online
marketplaces
through
decentralization
and
create
financial
inclusivity
for
individuals
without
access
to
traditional
banking
services.

The
project
uses
the
Three
Protocol
Neural
Network
AI
model
to
create
marketplaces
that
increase
the
efficiency
and
accuracy
of
searching
for
products,
services,
real-world
assets,
and
clients
based
on
personalized
user
queries.

Three
Protocol
integrates
cryptocurrency
utility
to
broaden
the
purchasing
power
and
utility
of
cryptocurrency
holders.
Its
implementation
of
an
AI-driven
DAO
should
also
help
increase
equity
and
fairness
in
the
user-online
marketplace
relationship.

Lastly,
Three
Protocol
uses
a
unique
blend
of
privacy,
self-custody,
and
decentralized
governance
that
sets
it
apart
from
other
ZKP
ID
providers.
Its
services
cater
to
users
and
developers
who
value
anonymity,
trustlessness,
and
decentralization.

Follow
the
project
for
the
latest
development
updates
at
these
links: Website | X
(Twitter)
| Telegram
| LinkedIn
|