Solana Unveils 'SAS' for Identity and Wallet Verification…"Supports KYC and Investor Accreditation"
Summary
- The Solana Foundation announced the release of the open-source identity verification protocol 'Solana Attestation Service (SAS)'.
- SAS supports signature-based authentication for KYC and investor eligibility linked to wallet addresses.
- SAS was launched in collaboration with various partners like CivicKey and Trusta Labs and will be integrated with more projects in the future.
The Solana (SOL) Foundation has officially announced a new open-source identity verification protocol, the 'Solana Attestation Service (SAS)'.
On the 24th, Solana stated through its official X (formerly Twitter), "Today, we unveil SAS, a new open-source protocol that can prove everything (on-chain)," adding, "It will become a trust layer for the internet capital market." SAS is based on a public blockchain that anyone can participate in.
SAS is a protocol that enables the implementation of trust-based services by linking various off-chain data with Solana wallets. It particularly supports proving elements such as Know Your Customer (KYC), investor eligibility, and on-chain reputation linked to wallet addresses through a signature-based authentication method. It is explained that it can prove the trustworthiness of wallets without compromising user privacy.
Solana added, "SAS has been launched in collaboration with various ecosystem partners, including CivicKey, Trusta Labs, Solana Identity, Range Security, Exo, Polyflow PayFi, Roam, Sumsub, and RNS Global, and will be linked with more projects in the future."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin falls below $71,000…Lowest level since October 2024](https://media.bloomingbit.io/PROD/news/0e5880b9-61dd-49d4-9d2e-c47a3fb33a93.webp?w=250)
