📢“Will Polygon Disrupt the Market with New ID System?” VNX Founder & CEO Opinion for BeInCrypto With Polygon having recently launched Polygon ID — a decentralized and private identity service for Web3 that helps determine a user’s credit score — the industry has been talking. Isn’t it an invasion of privacy, is there a risk of fraud, and does it even go hand in hand with the core values of the crypto world? 👨‍💼Our Founder & CEO — Alexander Tkachenko spoke about it to BeInCrypto: “[Polygon ID] is not compatible with the current rules and regulations. So interaction with the centralized players cannot be avoided if the system is to function and be accepted outside of DeFi. There are several initiatives that are trying to solve the contradiction, the most notable of which is OneBoard in Liechtenstein, but it’s a tough issue to solve.” 👉Read article: https://beincrypto.com/polygon-looks-to-disrupt-market-with-its-new-id-system/

📢“Will Polygon Disrupt the Market with New ID System?” VNX Founder & CEO Opinion for BeInCrypto With Polygon having recently launched Polygon ID — a decentralized and private identity service for Web3 that helps determine a user’s credit score — the industry has been talking. Isn’t it an invasion of privacy, is there a risk of fraud, and does it even go hand in hand with the core values of the crypto world? 👨‍💼Our Founder & CEO — Alexander Tkachenko spoke about it to BeInCrypto: “[Polygon ID] is not compatible with the current rules and regulations. So interaction with the centralized players cannot be avoided if the system is to function and be accepted outside of DeFi. There are several initiatives that are trying to solve the contradiction, the most notable of which is OneBoard in Liechtenstein, but it’s a tough issue to solve.” 👉Read article: https://beincrypto.com/polygon-looks-to-disrupt-market-with-its-new-id-system/

The FTX collapse put a spotlight on the need for orgs to be more transparent. CZ Binance, Vitalik Buterin & others are pushing for CEXs & more to adopt Proof of Reserves as a way forward. ☂️ Umbrella Network is working to develop a solution for this critical issue 👇 https://medium.com/umbrella-network/the-importance-of-proof-of-reserves-a2df9072dbf8