Three Protocol Introduces Decentralized Digital IDs and No-KYC Zero-Knowledge Proof Solutions

Three Protocol, a new project, is building an alternative to centralized digital IDs and Know-Your-Customer (KYC) procedures with its no-KYC zero-knowledge proof, decentralized digital IDs (ZKi3s). These innovations are poised to rival established industry brands such as Polygon ZKP, Starknet, zkSync, and the Data Ownership Protocol (DOP). The project's core aim is to facilitate secure and private digital interactions within a fully decentralized, trustless environment, enhancing user engagement in online marketplaces.

Zero-knowledge proof (ZKP) IDs are increasingly in demand within the emerging Web3 economy. Blockchain-based systems promise superior performance and security compared to traditional Web 2.0 frameworks. By focusing on scalability, decentralization, and privacy, Three Protocol offers a bridge for Web 2.0 online marketplaces to transition to Web3. Traditional reliance on national identification and KYC requirements often compromises user safety and privacy and excludes many individuals, especially those who are unbanked or lack proper identification, from participating in online economic activities.

Three Protocol addresses these issues by eliminating KYC or national identification requirements for marketplace access. Users only need a crypto wallet and Zero-Knowledge Proof Pseudoanonymised digital IDs to sign up. This means a user's profile on the blockchain is merely a SHA256-hashed immutable entry, ensuring privacy and security.

ZKi3s, the no-KYC, zero-knowledge proof blockchain entries, display the owner's online relationship history reputation. These form the basis for all Three Protocol systems. Users can mint their own ZKi3s without providing national ID, biometric details, or undergoing KYC verification. A ZKi3 can send ZK-Stark proofs between a review issuing protocol and an issuing protocol whenever a user seeks to collect a review or reputation score for any digital relationship or transaction. Importantly, the ZKi3 remains private and is never visible publicly on the blockchain.

The algorithmic formulae for ZKi3s will be made open source, allowing any digital platform or online marketplace to integrate ZKi3s through a permissionless process. This open-source approach enhances the project's transparency and trustworthiness.

Three Protocol also utilizes a Neural Network AI model with cutting-edge alphanumeric AI algorithms to build a real-time updated product, service, and real-world assets interface for users. Additionally, the concept of Decentralized Artificial Intelligence Organizations (DAIOs) is introduced to implement open-source updatable AI systems, ensuring users make informed decisions when voting.

Compared to other leading projects, Three Protocol stands out in several key aspects. It prioritizes user control over data and activities, maintaining a decentralized ZKP digital ID technology that keeps sensitive information inaccessible to third parties. Unlike projects such as Polygon ZKP, zkSync, and DOP, which prioritize regulatory compliance, Three Protocol focuses on user autonomy and self-sovereignty.

Privacy is another area where Three Protocol excels. Using advanced ZK-Stark technologies, the project ensures user identities remain anonymous. In contrast, other projects like Polygon ZKP emphasize scalability over user ID secrecy, and zkSync still requires KYC from its users despite using ZK-Rollups to prevent third-party access to user information.

Open-source code is a hallmark of Three Protocol, allowing community contributions and development scrutiny. This feature is shared with other top ZKP DID providers like Polygon ZKP, Starknet, and zkSync, enhancing trust and reliability.

Three Protocol also employs ZK-STARKs to safeguard against privacy threats and improve performance without compromising decentralization. Few other projects, such as Starknet, follow this practice, while more prominent brands like Polygon ZKP, zkSync, and DOP do not prioritize ZK-STARKs.

Lastly, Three Protocol ensures a fully decentralized and trustless experience through tri-signature smart contracts and DAO governance, offering unbiased dispute resolution and self-custody. This approach sets an industry standard that only a few other brands, like Starknet and zkSync, also follow.