Utrecht, Netherlands, May 4, 2023 / AlexaBlockchain/ – AllianceBlock’s groundbreaking self-sovereign identity issuance and verification solution, NexeraID, has joined the World Wide Web Consortium (W3C), the preeminent international web standards organization. This move is significant because NexeraID is a self-sovereign identity issuance and verification platform that empowers companies to seamlessly onboard users to Web3 using self-custodial or custodial wallets.
The W3C is a global technical consortium that enables companies, projects, and the public to come together and develop innovative web technologies. Its members actively contribute to developing fundamental web technologies, establishing a framework for technological ethics, and exchanging ideas with industry and research community experts. AllianceBlock’s NexeraID is joining an impressive membership list of 450 global leaders, including Microsoft, Apple, Ethereum Foundation, and Coinbase.
NexeraID will proactively collaborate with industry leaders to foster and promote the standardization of Decentralized Identifiers (DID) and Verifiable Credentials (VC) on the Web.
Rachid Ajaja, AllianceBlock Founder and CEO, said: “We are extremely excited to be working with fellow W3C member organizations in the development of interoperable web standards, bringing expertise to help shape the principles of sovereign identity, which can only be done by collaborating with other industry leaders in these fields.”
NexeraID will benefit from access to a vast network of leading industry players and provide their technical expertise to W3C while collaborating on improving and developing new standards for the digital identity space.
Decentralized Identifiers became an official Web standard last year. They are designed to give users and organizations greater security and privacy by allowing them to establish and manage their digital identities across technological boundaries.
Verifiable Credentials, another W3C standard, enable users to offer digitally encrypted and secure evidence during their authentication processes.
The NexeraID technology utilizes a programmable smart wallet to securely store digital assets and identity information and is built on top of the open-source AllianceBlock Nexera Protocol. Enterprises and consumers will both benefit from NexeraID.
Enterprise customers can easily expand into Web3 and adopt Web3 with NexeraID solutions. The Web3 smart wallet and self-sovereign identities (SSI) can be integrated into businesses’ infrastructures, enabling them to onboard users and validate their compliance with regulatory rules.
NexeraID can be easily integrated into enterprise infrastructure, promoting increased user conversion and Web3 adoption. Consumers can create safe and secure smart wallet accounts with NexeraID using their email or social media information, similar to current Web2 practices.
Joining the W3C is an exciting move for AllianceBlock’s NexeraID, as it signals the beginning of a new era of collaboration and innovation in the digital identity space. By working with fellow W3C member organizations to develop interoperable web standards, NexeraID is poised to become the go-to platform for self-sovereign identity issuance and verification in the Web3 ecosystem.
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