PAID Network Partners With Litentry To Enhance User Authentication And Security
PAID is proud to announce its partnership with Litentry, a decentralized identity aggregation protocol across multiple networks, which is built on Substrate and has deep roots in the Polkadot Ecosystem.
PAID Network will utilize Litentry’s groundbreaking identification features, including aggregated DID and credit computation technology to authenticate user identities and integrate aggregated on-chain data when they sign up to create a profile on the PAID DApp. The DApp, upon launch, will be complete with escrow and insurance features, dispute arbitration, and reputation scoring.
Hanwen Cheng, CEO of Litentry had the following to say:
“As Litentry offers the fundamental identity service and we do think DID on PAID is of great value. PAID is building the world’s first borderless SMART Agreement DApp for all business needs by offering standardized business agreements to make operations exponentially more efficient. The new partnership with Litentry will give PAID access to necessary identity verification and credit computation features, it will enrich user profiles and enable computed business services based on identity-related data”.
Kyle Chasse, CEO of PAID Network, had the following to say:
“We are always looking for the most exciting new technology to enhance our offering, and when we saw Litentry it was obvious this was the technology we were looking for. The DID function of our platform is critical as it’s relevant to so much of our offering. This makes it extremely important for us to solve this problem correctly and we are convinced Litentry is best suited to assist us in our efforts. We are looking forward to working with the team and delivering some amazing tech to our community.”
Litentry is a Decentralized Identity Aggregator that enables linking user identities among multiple decentralized networks. Litentry provides a trustable way for dApps to obtain real-time DID data of an identity owner across multiple blockchains and dApps. Featuring a DID indexing protocol and a Substrate built distributed DID validation blockchain, Litentry provides a decentralized, verifiable identity aggregation service that removes the redundancy of code and the hassle involved in resolving agnostic DID mechanisms. Everyone can build and submit DID methods to Litentry, making identity data easily accessible in the Web3.
About PAID Network
PAID Network seeks to redefine the current business contract, litigation, and settlement process by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID. Leveraging Plasm to operate on both Ethereum and Polkadot ecosystems, SMART Agreements built through smart contracts to execute DeFi transactions and business agreements seamlessly, making business exponentially more efficient.
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