EddieJayonCrypto

 27 May 25

tl;dr

The Solana Foundation has launched the Solana Attestation Service, an open-source protocol that allows verified issuers to link off-chain credentials, such as KYC results and accreditation status, to users' wallet addresses without exposing personal data on-chain. This service streamlines compliance...

The Solana Foundation has introduced the Solana Attestation Service, an innovative open-source protocol designed to securely bind off-chain credentials to users' wallet addresses without exposing sensitive personal data on-chain.
This protocol enables verified issuers to link credentials such as KYC results, geographic eligibility, and accreditation status to wallets, thereby streamlining compliance and user verification across decentralized applications.
By integrating the attestation service, developers can reduce repetitive onboarding processes, support regulatory requirements, gate region-specific offerings, and build reputation systems to combat fraud and Sybil attacks.
The service promotes portable credentials that travel seamlessly across applications, allowing users to hold reusable "KYC passports" and other attestations that facilitate interactions in various decentralized platforms.
Developed by the Solana Identity Group, the protocol is positioned as a trust layer underpinning the emerging "internet capital markets" model, where builders can raise decentralized funding through tokenized equity.
A key example is the Believe app and its native token LAUNCHCOIN, which experienced dramatic price growth, highlighting market enthusiasm around decentralized fundraising.
The Solana Attestation Service enables decentralized applications to verify legal eligibility without depending on traditional centralized databases, marking a significant step toward secure, privacy-preserving compliance in the blockchain ecosystem.
Looking ahead, the Solana Identity Group plans to publish additional identity standards and collaborate with other teams to expand open-source identity solutions within the ecosystem.
This development not only streamlines compliance and user experience but also plays a critical role in scaling decentralized finance and governance by providing a trustworthy, privacy-conscious identity framework.

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 27 Jun 25
 27 Jun 25
 27 Jun 25