• AllianceBlock, a network building seamless gateways between TradeFi and DeFi, has joined forces with World Wide Web Consortium (W3C) through its identity issuance and verification solution, NexeraID.
• W3C enables companies and the public to come together and develop innovative web technologies.
• NexeraID intends to proactively collaborate with industry leaders to foster the standardization of Decentralized Identifiers (DID) and Verifiable Credentials (VC) on the W3C.
AllianceBlock Joins Forces with W3C
AllianceBlock, a network building seamless gateways between TradeFi and DeFi, has announced that it joined forces with World Wide Web Consortium (W3C) through its identity issuance and verification solution, NexeraID. W3C is best known for web technologies like HTML and CSS. It takes pride in more than 450 memberships including Ethereum Foundation, Coinbase Global, Apple Inc., and Microsoft, among others.
Benefits of Collaboration
The collaboration between AllianceBlock through NexeraID will reach more DeFi users through the W3C collaboration. Moreover, the three entities can work on the development of interoperable web standards through sovereign identities. According to AllianceBlock Founder and CEO Rachid Ajaja, this collaboration is strategic to the implementation of its core mission. Additionally, NexeraID will benefit from access to a vast network of leading industry players while providing technical expertise to W3C for improving digital identity standards globally.
What Does NexeraID Do?
NexeraID empowers companies to seamlessly onboard users to Web 3 using self-custodial or custodial wallets. It streamlines complex compliance workflows while safeguarding user’s identities and assets at the same time which are compliant with W3C’s established standards for decentralized identifiers (DIDs)and verifiable credentials (VCs).
Working Towards Interoperability Standards
This collaboration intends to proactively collaborate with industry leaders in order to foster the standardization of Decentralized Identifiers (DIDs) & Verifiable Credentials (VCs). This way they are working towards establishing interoperable web standards thus enabling companies & public come together in developing innovative web technologies across all platforms & systems worldwide using these new toolsets & protocols developed by W3C & other key stakeholders in this domain such as AllianceBlock & their identity issuance & verification solution-NexeraID .
In conclusion ,the partnership between AllianceBlock via its platform -Nexeraid ,W3C & other key stake holders provides an opportunity for creating global interoperability standards for digital identities which can be implemented by companies across all platforms thus helping them create secure ,trustworthy user experience without compromising on privacy or security at any point .