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You are at:Home » Privado ID Merges with Disco to Build Unified Digital Identity Across Web2 and Web3
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Privado ID Merges with Disco to Build Unified Digital Identity Across Web2 and Web3

The merger will enhance cross-chain compatibility, leveraging Disco's expertise in decentralized identity technologies, including Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs).
Arun ShakyawarBy Arun ShakyawarSeptember 19, 2024Updated:September 21, 2024No Comments3 Mins Read
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Privado ID Merges with Disco to Build Unified Digital Identity Across Web2 and Web3
Privado ID Merges with Disco to Build Unified Digital Identity Across Web2 and Web3
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Privado ID, formerly Polygon ID, has announced its merger with Disco, a leader in multichain verifiable data and reputation management. The newly-formed entity aims to accelerate the creation of a chain-agnostic digital identity infrastructure, bridging Web2 and Web3 ecosystems.

This merger highlights the growing demand for secure, scalable, and interoperable identity solutions as digital interactions evolve in complexity, especially in the context of AI-driven innovations.

Privado ID, known for its proofs-of-concept (PoC) with global financial entities such as Telefónica Tech, aims to expand its reach across multiple blockchain platforms, including Optimism, Arbitrum, and Base.

The company’s ambition is clear: to develop a unified identity framework that allows users to seamlessly verify their identities across various platforms, ensuring privacy, security, and interoperability.

The merger comes at a critical juncture for the internet, which historically lacked a built-in identity layer. The fragmented identity landscape across onchain and legacy systems has posed challenges to security, efficiency, and user control.

By merging, Privado ID and Disco aim to overcome these hurdles, developing a protocol that delivers verifiable identities across multiple chains while maintaining user control over credentials. Disco’s innovative “Data Backpack” concept — a virtual repository that consolidates a user’s identity across the web — will serve as a core component of this vision, further advancing the unified identity approach.

“Disco started with a vision for seamless personalization where your identity unlocks access and opportunity with ease,” Evin McMullen, founder of Disco and now chief strategy officer at Privado ID said. “Joining forces with Privado ID accelerates our shared mission to make the connected world more personal, efficient, secure, and delightful.”

The merger will enhance cross-chain compatibility, leveraging Disco’s expertise in decentralized identity technologies, including Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs). This allows Privado ID to scale its services across Ethereum-compatible chains, further solidifying its standing as a leader in decentralized identity.

Antoni Martin, co-founder and COO of Privado ID, sees this merger as a pivotal moment for digital identity’s future. “As we’ve seen with the success of Polygon’s ecosystem, the future of Web3 lies in scalability, interoperability, and user empowerment,” Martin said. “By joining forces with Disco, we’re driving the next wave of innovation in digital identity, enabling more secure, efficient, and personalized applications across multiple platforms.”

Privado ID’s unified identity vision also promises to lower the cost of trust across industries, transforming how individuals and organizations interact in connected digital spaces. The technology could prove invaluable in sectors such as DeFi, enterprise ecosystems, and governance structures, offering proof of identity, age, location, or personhood with perpetual verifiability across any app, service, or blockchain.

With the rise of AI-driven applications and the increasing complexity of digital interactions, a reliable, integrated identity system is more crucial than ever. The unified identity protocol developed by Privado ID and Disco could reshape the digital landscape, providing a secure, user-centric solution for the growing demands of the digital age.

Read Also: Privado ID New Web Wallet Simplifies Identity Verification, Cutting Steps by Over 50%

Blockchain M&A Digital Identity Digital Identity Verification
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Arun Shakyawar
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Arun Shakyawar is a Tech writer based out of Los Angeles. He holds an Engineering degree in Electronics and communications, and an MBA in marketing. He specializes in TMT. Before writing full-time, Arun worked as a management consultant with leading consulting firms. As a consultant he developed interest in blockchain technology, and now actively tracks blockchain and digital asset markets. Arun can be reached at arun@alexablockchain.com.

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