Solana ID

TL;DR

Solana ID is a decentralized identity and reputation protocol that enables users to securely link their digital footprints to their Solana wallets. This allows apps to identify target audiences and offer personalized perks and rewards based on a user's on-chain activity and reputation score. The protocol emphasizes user privacy and data ownership.

What Is Solana ID?

Solana ID is a decentralized identity and reputation protocol built on the Solana blockchain. It allows users to securely connect their digital data footprints, such as their wallet activity across different chains, to their Solana wallet. This enables applications to identify users as their target audience and attract them with tailored rewards and perks.

The protocol aims to turn the model of targeted advertising on its head. Instead of users being bombarded with irrelevant ads, they can proactively build and manage their on-chain reputation to access personalized benefits from apps and services they're interested in. Solana ID puts users in the driver's seat, allowing them to leverage their data and activity for their own benefit.

How Solana ID Works

Using Solana ID involves a few key steps:

1. Connect Wallets: Users can link multiple wallets across different chains to their master Solana ID wallet. This provides a comprehensive view of their digital footprint.

2. Build On-Chain Score: As users interact with apps and services on Solana and other linked chains, their activity contributes to their on-chain Solana ID score. This score captures their total on-chain footprint.

3. Integrate Off-Chain Data: Users can further enhance their profile by activating off-chain data feeds and storing verified credentials in their personal Solana ID vault. All data is stored securely and only visible to the user unless they choose to share it.

4. Access Personalized Perks: Based on their Solana ID score and data, users can access exclusive benefits from ecosystem partners, such as airdrops, early access to new apps, discounts, and loyalty rewards. Users can browse available perks and decide what data to share on a case-by-case basis.

The Solana ID app provides a user-friendly interface to manage this process. Users can view their SOLID score, connect external data sources, and browse a marketplace of perks that are relevant to their profile and activity.

What Makes Solana ID Unique?

Solana ID stands out from other identity and reputation solutions in a few key ways:

1. User-Centric: The protocol is designed to put users in control of their data. Personal information is stored in a secure vault and is never accessed by Solana ID or third parties without explicit user consent. Users can build their reputation privately and only share it when they see a benefit.

2. Privacy-Preserving: When data is shared with apps or services, it's done through zero-knowledge proofs rather than revealing raw data. This allows users to prove predicates about themselves (e.g. a certain credit score range) without exposing the underlying sensitive information.

3. Cross-Chain: Solana ID is not limited to Solana activity. Users can link wallets and data sources across multiple chains to build a comprehensive, cross-chain identity and reputation.

4. Flexible Data Integration: In addition to on-chain data, Solana ID allows users to bolster their profile with off-chain credentials like social profiles, credit scores, or unique life experiences. This creates a rich, multi-faceted identity.

Project Features

• Link multiple wallets across chains to a master Solana ID
• Build a private on-chain reputation score based on multi-chain activity
• Securely store verified off-chain credentials in a personal vault
• Browse and access personalized perks from ecosystem partners
• Granular data sharing controls with zero-knowledge proofs for privacy
• Stake SOLID tokens to secure your reputation and earn rewards
• Earn SOLID when partners access your data (50% of fees go to users)

The SOLID Token

SOLID is the native utility token of the Solana ID ecosystem. It has two primary use cases:

1. Reputation Staking: Users stake SOLID to secure their Solana ID reputation. The more SOLID staked, the higher the potential perks and rewards that can be unlocked. Staking SOLID also signals skin in the game and trust in one's reputation.

2. Data-to-Earn: When apps or service providers pay SOLID to access consented user data, 50% goes to the protocol and 50% is paid out to the user who shared their data. This creates an incentive for users to contribute quality data to the ecosystem.

There is a fixed supply of 1 billion SOLID tokens. Beyond the reputation staking and data-to-earn utility, SOLID will also be used for governance of the protocol as it progressively decentralizes.

Project Roadmap

Solana ID is currently in beta, with apps like LFG and Jupiter integrating the protocol for personalized user experiences. Key milestones on the roadmap include:

• Mainnet launch in Q3 2024
• Integration of 20+ ecosystem partners by end of 2024
• Launch of SOLID staking and data-to-earn in Q1 2025
• Transition to a community-governed protocol in 2025

Project Team

Solana ID is developed by Digital Social ID (DSID), a decentralized identity startup. The core team brings together deep expertise in adtech, data science, zero-knowledge cryptography, and blockchain engineering.

Key team members include:

• Simon Molitior (CEO) - Former executive at Fyber, adtech veteran
• Kai Li (CTO) - Cryptography PhD, zero-knowledge proof specialist
• Anna Frank (CPO) - Product leader from Delivery Hero
• Hamid Bolandi (Dev Lead) - Senior engineer, ex-Consensys

Security and Audits

Solana ID takes a security-first approach. Key components like the SOLID token, staking contracts, and zero-knowledge circuits have been audited by leading Web3 security firms. The protocol also operates a public bug bounty to surfact any potential vulnerabilities.

The team is committed to full transparency and all audit reports and code are open source and available for review. User data is never stored by Solana ID and all data sharing is opt-in only with strict user-controlled permissions.