October 22, 2021 - 3 min read
SupraOracles is partnering with PhotoChromic, an innovative startup that tokenizes identity as an NFT. PhotoChromic gives power back to individuals to determine where and how their identification data is used. This data includes biometrics, government-issued identification, social media data, and other personal attributes that are securely stored on the blockchain. The concept has the potential to change the way individuals travel internationally as most identification is local and not global.
PhotoChromic will be using SupraOracles’ oracle services to bring off-chain encrypted personal information on-chain. SupraOracles will also be providing PhotoChromic with cross-chain bridges that will connect NFTs on Ethereum, Cardano, Solana, and Polygon.
Murray Legg, Co-founder of PhotoChromic, commented: “We’re very enthusiastic to work with a team as progressive and talented as SupraOracles. The opportunity to unlock utility for individuals using an identity NFT in the DeFi space together with the integration of SupraOracles’ network and partners is a huge step forward for the community.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “Identification as an NFT is a truly nascent idea and I applaud the PhotoChromic team for their innovative vision. SupraOracles hopes to develop a long-term partnership with PhotoChromic and support its product development.”
SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Our vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.
Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.
Together with our developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance.
PhotoChromic is a blockchain based protocol that tokenizes an individual’s identity through an NFT that is programmable, verifiable, universally addressable and digitally secured, verifying the link between the analogue and digital worlds. The product aggregates biometric proof of life, with government-backed identity verification and unique personal attributes into an on-chain asset that is utilised for blockchain based identity verification and Web3 applications.
The benefits that the protocol offers include:
By developing and deploying this protocol onto key blockchains, there are a host of value added benefits and commercial opportunities that will be created as a result. These can either be pursued by PhotoChromic in isolation, developed in joint-venture with other parties, or proposed to third parties who consume the protocol for their own commercial risks and return.
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