StarkWare, the company behind the Starknet layer-2 network, has unveiled a 'Private KYC' system designed to reduce the personal data exposed during identity verification. The approach uses cryptographic methods to let users prove a single required fact — such as age or residency — without surrendering their entire identity document. According to Starknet, current identity checks demand full documents even when only one piece of information is needed, creating unnecessary risk and large repositories of sensitive data vulnerable to breaches. By limiting what is shared, the system aims to minimize the personal information held by service providers and lower the chance of mass data leaks. The development reflects a broader industry push toward privacy-preserving verification methods, often built on zero-knowledge proof technology, which StarkWare has specialized in across its blockchain scaling and infrastructure products.
— Sponsored —
Trade smarter on BYDFI
Get a bonus on your first deposit — from $50 at $100, up to $2,000 at $20k. 200x leverage, 600+ perpetuals, deep liquidity.