zkPass
Personal data is often referred to as the currency of the 21st century due to its immense value in the modern world. The personal data market is worth hundreds of billions of dollars and is constantly growing.
Major global IT giants collect personal data and use it in various ways, from statistical analysis to training AI models. Today, personal information is bought and sold, and its leakage results in billions of dollars in losses.
Data breaches β significant challenge faced by users. Another difficulty β reluctance of individuals to share their private data, which they need to disclose to third-party organizations.
Imagine you have important personal information, such as your legal, financial data, or educational certificates. You need to prove their authenticity without revealing the actual documents while simultaneously confirming certain facts from your personal life.
The zkPass project was created to address these issues. It is based on technology that allows for secure information exchange and verification of personal data without disclosing it.
Technologies
zkPass β oracle protocol that allows verifying the authenticity of personal data recorded on the blockchain without disclosing it to the other party.
Blockchain oracles β intermediary software that transmits data from the "external" world to the blockchain.
zkPass not only acts as such a blockchain oracle but also ensures the privacy of the verified data. The protocol transmits only the verification results to the other party, without the actual data, thus guaranteeing the authenticity of personal information. This data transmission technology is called Zero-Knowledge Proof (ZKP).
zkPass ensures full compatibility with any traditional Web2 websites, requiring no API or license.
zkPass guarantees the authenticity and relevance of users' personal data using decentralized nodes (MPC). These nodes verify the integrity of users' data and then generate zero-knowledge proofs. As a result, it becomes impossible for anyone to manipulate the information or forge the data.
Application
The project's technologies can be utilized when dealing with legal or financial personal data, health information, and verification of work experience, education, and various certificates. All these types of checks can be performed safely and confidentially without the need to upload documents or disclose any confidential personal data to third parties.
zkPass can be easily integrated into various identity verification scenarios. It is also convenient to use for creditworthiness confirmation or private medical data verification. Wherever there is a need for trust and confidentiality, the zkPass project can provide a solution.
- You can prove your age, citizenship, and employment without showing your actual documents. This information is generated and verified cryptographically.
- You can confirm your financial status (credit score, income level) to DeFi platforms without disclosing your actual financial data.
- Patients can use zkPass to verify their medical history to healthcare providers or insurance companies without revealing their full medical records.
- You can confirm your identity, age, or other credentials on social networks or dating sites without handing over confidential documents.
zkPass has numerous partnerships with leading crypto projects and traditional (Web2) services. The protocol can be integrated into the infrastructure or services of these partners, ensuring widespread adoption of zkPass technologies.
Team
The zkPass team consists of professionals with extensive experience at Citi Bank, IBM, Tencent, and other globally renowned companies. Their expertise in blockchain, cryptocurrency, and marketing makes zkPass a leading privacy protocol in the Web3 space.
The project is developed by a large team of 15 engineers, 11 marketers, and 8 top managers, all based in the USA.
- Bin Jiang β co-founder, CTO, and CEO.
With extensive experience ranging from full-stack engineer to Vice President of Technology and Mobile App Development, Bin Jiang took on the leadership role at zkPass in 2022.
He currently heads the technical team at zkPass, steering the project towards innovative solutions in privacy technology.
https://www.linkedin.com/in/zkBing - Joshua Peng β co-founder, director of strategic development.
Ph.D. from the University of Missouri in Structural Engineering and Computing. Joshua is responsible for the architectural design of zkPass. His academic background and practical experience are invaluable assets in developing the protocol.
https://www.linkedin.com/in/joshua-peng-466504257/ - Annie Muser Zhao β head of development department.
Annie's experience includes working at prestigious firms such as PWC, Citi Global Markets Asia, and Mason Stevens. At zkPass, she plays a vital role in macroeconomic market analysis, oversees the development of tokenomics, and monitors the financial health of the project.
https://www.linkedin.com/in/anniemzhao
Investors
Leading the list of investors are two powerhouse Tier 1 funds: Sequoia Capital and Binance Labs.
- Sequoia Capital β top-tier Tier 1 investment fund and a legendary venture capital firm with a 50-year history.
The fund was one of the first to invest in Silicon Valley, becoming an early investor in Apple, Cisco, Google, Nvidia, and others.
It was also an early investor in American tech companies such as Airbnb, WhatsApp, and Zoom.
As of 2022, the firm managed assets worth over $85 billion. Sequoia Capital actively invests in crypto projects, with recent major investments in Polygon, Starknet, the auditing company Certik, and the LayerZero blockchain protocol. - Binance Labs β premier investment fund of the world's most renowned cryptocurrency exchange, Binance. This venture project focuses on incubating, investing in, and developing blockchain technologies, cryptocurrency businesses, initiatives, and communities. Binance Labs invests in strong projects and founders who create and support a decentralized network.
- zkPass also received investment from OKX, the second-largest centralized cryptocurrency exchange.
The investor lineup β the best possible.
Their support is a testament to zkPass's innovative approach to rethinking privacy and security in the digital space.
Token Utility
zkPass is launching its own token ($ZKP) with a strategic allocation designed to support the long-term viability of the protocol and the growth of its ecosystem.
- Fees.
Transaction fees are paid in $ZKP tokens for various protocol services such as data generation and verification. - Incentives and rewards.
$ZKP tokens are used to incentivize and reward:
β’ users contributing to the ecosystem
β’ developers creating applications using the zkPass protocol - Staking and governance.
Token holders can stake their tokens to participate in the governance of the zkPass project, including voting on key decisions such as protocol upgrades and parameter adjustments. - Market transactions.
zkPass tokens can be used as the primary currency for transactions in sectors where data privacy is guaranteed, such as healthcare.
Tokenomics
- Token ticker: $ZKP
- Network: Arbitrum (Ethereum L2)
- Total supply: 1 billion
- Our round: KOL/Private
- Round size: $10 million
- Token price: $0.15
- Round valuation: $150 million
- Conditions: 6% unlock at TGE, followed by a linear unlock over 12 months.
These are the best unlock terms, as other rounds have 0% at TGE and a 4 to 6-month cliff. - TGE planned for Q3 2024
The project plans to list immediately on top exchanges, with Binance and OKX already partners and investors.
The launch will occur through launchpads on Binance, Bybit, or OKX, with negotiations ongoing.
Social networks & links
π Website: https://zkpass.org/
π» Docs: https://zkpass.gitbook.io/zkpass
π¦ Twitter/X: https://twitter.com/zkPass
π» Discord: https://discord.com/invite/zkpass
π» Medium: https://medium.com/zkpass
π» GitHub: https://github.com/zkPassOfficial
π» LinkedIn: https://www.linkedin.com/company/zkpass
High popularity on social media: in Twitter/X β 228k, Discord β 154k.
The project is ready to launch its token as soon as market conditions are favorable.
zkPass β strong infrastructure project utilizing zkβthe most advanced blockchain technologies.
The innovative protocol enables information exchange and data verification without disclosure. It is comparable to Chainlink, but for private data and with more modern ZKP technologies.
It is a significant and technologically important project for the blockchain industry with a wide range of applications.
With powerful investors led by the legendary Sequoia Capital and supported by two leading crypto exchanges, Binance and OKX.
zkPass boasts a large and experienced team of American developers.
The most favourable conditions β the shortest unlock period for this round.
We strongly recommend adding this technologically advanced and promising project to your crypto portfolio.