Blockchain improvement agency Moca Basis has introduced the launch of Moca Chain, a brand new layer-1 blockchain targeted on privacy-preserving id and knowledge authentication.
Moca Chain is a layer-1 blockchain purpose-built for id and consumer knowledge administration functions, Moca Basis introduced on Wednesday.
The community goals to assist the event of id protocols that enable people, units and synthetic intelligence brokers to regulate and confirm their credentials with out counting on centralized service suppliers.
The testnet is predicted to launch within the third quarter of 2025, with mainnet deployment slated for the fourth quarter, the muse stated.
Moca Chain will allow the verification of onchain and offchain consumer knowledge by functions on any chain, the muse claims. The system will make the most of the MOCA token for transaction charges, validator staking, storage, oracle companies, knowledge technology and verification charges.
Moca Basis didn’t reply to Cointelegraph’s request for remark by publication time.
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What’s beneath the hood?
This could make use of the ecosystem’s decentralized knowledge storage, crosschain id oracle and net proof knowledge technology by means of zero-knowledge transport layer safety (ZK-TLS) and onchain verification. The blockchain can be appropriate with the Ethereum Digital Machine (EVM), facilitating interoperability with Ethereum and its sister chains.
Yat Siu, co-founder and govt chairman of crypto enterprise capital agency and Moca Basis launch companion Animoca Manufacturers, stated that billions of customers use single sign-on (SSO) to log in to companies. SSO permits customers to entry a number of functions and companies with a single set of login credentials.
Siu defined that SSO implementations function keys to a consumer’s knowledge, companies and digital lives. Nonetheless, he stated that “SSO represents a centralized level of failure that compromises safety.” He added:
“Moca Chain seeks to resolve this drawback by giving customers decentralized true possession of their knowledge, making certain the sovereignty of customers’ digital id and not using a single level of failure.”
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Attain on launch
Moca Community’s id administration software program improvement equipment, AIR Equipment, is already built-in into choices by numerous companions, together with Animoca Manufacturers’ portfolio firms, companions and associates. This reportedly ends in a attain of over 700 million addressable customers.
Information from AIR Equipment-integrated programs will probably be obtainable to protocols and functions constructed on Moca Chain. This contains main South Korean loyalty rewards program OK Cashbag, reportedly counting over 28 million identity-verified customers, in addition to German soccer media firm One Soccer, with its 200 million month-to-month energetic customers.
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