SaaS platform Authtrail and B.T.E. BOTLabs Trusted Entity GmbH (BTE) has established a joint venture to implement the KILT Protocol’s DIDs feature into the Authtrail platform.
A Great Match For Better Functionality
Authtrail is a data management solution that indexes and stores data on Polkadot’s Moonbeam using APIs connection.
KILT is a BTE-backed blockchain technology that empowers the development of autonomous, anonymous, and verifiable credentials and decentralized IDs.
The Kilt Protocol allows each individual or legal entity to be verified on the blockchain using a decentralized identifier on the Polkadot ecosystem’s Web3 platform.
The Founder of KILT Protocol and CEO of B.T.E. BOTLabs Trusted Entity GmbH Ingo Rübe noted:
“Both Authtrail and KILT Protocol are bringing Web3 solutions to enterprises and end-users that will drive blockchain adoption in the real world. Collaborating with Authtrail, an expert in enterprise data management, will drive higher trust at a lower cost deeper into organizations.”
KILT digitalizes the old trust process of physical credentials like passports, driving licenses, and certificates, representing your identity while protecting data.
To achieve data provenance throughout the enterprise value chain, Authtrail will implement digital identities composed of Decentralized Identifiers (DIDs) and KILT’s verifiable credentials to Authtrail’s data sources.
The volume of user-generated data and personally identifiable data is growing in tandem with the number of businesses operating online.
Better Data For Better Results
Almost every other website or app wants users to fill out a lengthy registration form, providing a bunch of personal to non-personal details. Since all data is stored on centralized Web2 servers, they become an easy target for cybercriminals.
Moreover, not all centralized platforms can ensure that personal data will not be monetized.
As a result, data accountability is absolutely vital. Concerns have been handled with the KILT protocol. The protocol provides a promising solution to this issue.
The KILT Protocol, which was launched in 2018, is an open-source blockchain protocol that gives Web 3.0 users with valid, revocable, anonymous, ownership-based credentials.
By providing a secure, permissionless infrastructure for real-world corporate scenarios, the KILT Protocol targets both users and developers. This platform allows anyone to provide their identity online without providing any non-essential or irrelevant information.
Speaking of the collaboration with BTW, the team behind KILT Protocol, Authtrail CEO, Matjaž Sobočan highlighted:
“We are excited to work with BTE to integrate DIDs using KILT Protocol. By employing DIDsign, we can procure more value for enterprise customers who want to innovate their identity systems without compromising the security of personal or organizational data in their environment.”
Launched this year, DIDsign, or DIDs, DIDsign, or DIDs, is a decentralized solution for privately verified files. Authtrail’s enterprise customers can use DIDsign to sign the same document separately and confirm that it has been signed.
If a contract requires the approval of more than one party, for example, each party can sign it and submit it to the others. After that, the document can be compared against each signature to ensure that each party signed the document in its original form.
DIDsign is also user-friendly because the Authtrail application does not require blockchain understanding; anyone with a KILT can sign DID on-chain documents.
The files are only accessible by the sender and recipient. The files aren’t stored on the KILT blockchain. This ensures that file authentication is performed in a secure and private manner.
Authtrail is taking data management to a whole new level by applying blockchain technology and connecting existing data to Web3. The integration of DIDsign will facilitate effective data protection and trust in the blockchain society.
When data that was previously fixed is modified, the signature no longer matches the new data. As a result, the system can detect changes in fixed data quickly.