Welcome to another insightful episode of the Building Web3 podcast! Join host Jax Dwyer as he dives deep into the world of blockchain, data control, and sovereign identity with special guest Otto Mora from Privado ID, formerly known as Polygon ID. This episode is a must-listen for anyone interested in the cutting-edge technologies driving the future of Web3, including zero-knowledge proofs, digital credentials, and the principles of privacy and data ownership.

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Chapters

00:00 Introduction and Background
01:44 Overview of Privado ID and its Mission
03:26 The Importance of Identity on the Blockchain
05:43 Addressing Privacy Concerns with Privado ID
07:32 Use Cases: KYC, Credit Scores, and Compliance
09:30 Partnerships and the Role of Issuers
12:07 Onboarding and Verification Process
15:23 Spinning Off from Polygon and Going Multi-Chain
23:27 The Future of Privacy in Web3
25:53 Growing Privado ID and Community Involvement
29:51 Partnerships and Exciting Announcements


Introduction to Privado ID and Otto Mora

Otto Mora, based in San Jose, Costa Rica, shares his journey from consulting with top firms like Deloitte, KPMG, and EY, to becoming a pivotal figure in the Web3 space. Discover how his passion for digital banking and blockchain technology led him to co-found the Costa Rica Blockchain Association and Ethereum Costa Rica, and eventually join the growth team at Privado ID in September 2022.

Mission and Origins of Privado ID

Privado ID's mission is rooted in the Catalonian independence movement, aiming to empower individuals with sovereign identity on the blockchain. Otto explains how the project evolved from enabling online referendums to providing a comprehensive solution for digital credentials and data control, leveraging the power of zero-knowledge proofs to ensure privacy and security.

Understanding Sovereign Identity and On-Chain Data Control

Explore the fundamentals of sovereign identity and why having identity on-chain is crucial for the future of digital interactions. Otto breaks down how Privado ID allows users to own and control their data, proving attributes like humanity, residency, and compliance without revealing sensitive information. 

Privacy Concerns and Zero-Knowledge Proofs

Addressing common concerns about privacy on the blockchain, Otto explains how Privado ID prioritizes privacy by keeping certain data off-chain while allowing verifiable attributes to be proven on-chain. 

Real-World Use Cases and Practical Examples

Discover real-world applications of Privado ID in various sectors, including banking, DeFi, and asset tokenization. Otto shares examples such as portable KYC, compliance for asset tokenization platforms, and preventing Sybil attacks in airdrops and DAO voting. 
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Disclaimer: Nothing said on Building Web3 is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Jax, and our guests may hold positions in the companies, funds, or projects discussed.

Need technical content? Book a free strategy session with our team at https://jaxdwyer.com/ 

Need technical content? Book a free strategy session with our team at https://jaxdwyer.com/