Solana Foundation and Solana Identity Group have introduced the Solana Attestation Service (SAS). It has been launched on the Solana mainnet and allows real-world identity data to be connected to blockchain wallets.
It allows users to add information like identity verification, geolocation restrictions, or accreditation status to a wallet without putting personal data on the blockchain.
SAS employs a straightforward, open method by which trusted issuers are able to issue signed credentials that remain safe within a user’s wallet. The credentials are compatible with a range of apps, allowing developers and users to simplify identity verification. It eliminates the necessity to perform repeated checks within each new application or project based on Solana.
Rather than using individual identity systems in each application, developers can now trust SAS. The service maintains compliance requirements while ensuring protection of the privacy of the users. With a single software development kit (SDK) call, applications instantly check credibility and avoid storing sensitive identity information.
Solana enables reusable KYC across projects
Users under the new system have to authenticate themselves just once and can reuse the credentials across multiple projects. Investors, for instance, can save their know-your-customer (KYC) status as a “passport” that can be used in subsequent token sales. Gaming firms can issue digital badges connected to players’ wallet history, highlighting players’ record of achievements without the need for additional data verifications.
The Solana Attestation Service also ensures that buyers fulfill legal requirements before gaining access to particular digital assets. It is crucial for real asset platforms supporting regulated-investments on blockchain.
Solana went live with the service on May 23, labeling it a crucial layer of internet capital markets. These infrastructure companies are looking to leverage SAS data to risk-score and monitor transactions. They seek to build greater security and trust into financial activity within decentralized applications.
By offering developers a neutral and open space, Solana wants to enable faster, safer development of its blockchain ecosystem. With built-in privacy and security, the SAS protocol lays the groundwork for online trust and identity. It reduces frictions, lowers risk, and opens new doors to digital finance around the world.
