AllianceBlock’s NexeraID, an identity issuance and verification platform, has recently become a member of the World Wide Web Consortium (W3C), the international organization responsible for developing web standards. With decentralized identifiers designed for enhanced security and privacy, users can manage their digital identities across various platforms.
W3C, led by Tim Berners-Lee, is a global consortium that brings together private and public projects to collaborate on advancing web technologies. The membership signifies a notable move for NexeraID, as it joins the ranks of prestigious organizations, such as Microsoft, Apple, Ethereum Foundation, and Coinbase.
On the one hand, the involvement in W3C provides NexeraID access to an extensive network within the web industry, allowing it to engage with industry leaders and promote the standardization of decentralized identifiers (DID) and verifiable credentials (VC) on the web. On the other hand, NexeraID contributes its technical expertise to web development by utilizing the open-source AllianceBlock Nexera Protocol and leveraging a programmable smart wallet to securely store digital assets and identity information.
NexeraID’s solution empowers enterprises and consumers to seamlessly onboard users to web3 using self-custodial or custodial wallets. Developers can integrate web3 smart wallets and self-sovereign identities (SSI) into their existing infrastructures, onboarding new users while complying with regulatory requirements. Users can create secure smart wallet accounts using familiar email or social media information. Moreover, wallets can be managed using biometrics, Apple ID accounts, and Google Accounts, with additional security features such as spending limits and recovery capacity.
The collaboration with W3C is expected to enhance developments in digital identity significantly. Rachid Ajaja, founder and CEO of AllianceBlock, believes this move will allow the company to leverage its expertise and exchange knowledge, driving better practices and advancements in the field of digital identity. AllianceBlock, a project focused on bridging decentralized and traditional finances, aims to facilitate increased capital flows and foster technological innovation.
By aligning with W3C, AllianceBlock’s NexeraID strengthens its position in the digital ID space and solidifies its commitment to comply with web standards, which in turn will further drive technological innovation. As the W3C seeks to lead the web to its full potential by developing technical standards and guidelines, the collaboration promises an open, accessible, and interoperable internet for all.
Source: crypto.news
