To secure novel identity data for dApps across the blockchain ecosystem, Everest — a full-stack platform and licensed custodian — has partnered with Chainlink. By embedding KYC into smart contracts, Everest solves many identity challenges Web3 projects face. Using blockchain middleware, Everest’s KYC can securely deliver this information.
In addition to deduplicating the human behind each address that voted to count only real votes, Everest’s high-quality data now support various use cases. It verifies that the address owner is unique, known, non-duplicate, etc. In addition, it is necessary to verify the KYC status of the address owner.
As the sole answer for human, deduplicated identity, value transfer, and compliance, Everest is designed for use by other projects. Web2 companies and Web3 companies that require decentralized finance can easily implement outsourced financial services stacks with compliance.
Everest’s simple onboarding tools allow customers to create accounts and transactions. It allows anyone providing digital services to allow their customers to pay without using any passwords. Everest also has a KYC status oracle that connects financial service providers with regulatory compliance.
In Everest, Chainlink decentralized Oracle networks can provide proof of deduplicated and known KYC-d addresses via network effects. DAOs and many projects can use these types of data.
Since Chainlink offers many critical features, one selects it to supply novel identity information. The features are credential management, blockchain agnostic, large-scale, and wide adoption. Nodes can safely manage API keys and account logins, allowing them to buy API subscriptions like traditional users.
Chainlink’s data are present on any existing and future blockchain platform. Based on leading academic research, open-source Chainlink software has already secured billions of dollars. Chainlink is thrilled to provide the latest in service offerings. Using your API, we can mitigate account abuse, for example, shadow accounts, sock puppets, and trolls. There’s no conflict of interest here because our protocol is inherently KYC-compliant, which means there’s no opportunity for fraud.