NexeraID & AllianceBlock Join Forces with W3C to Redesign Sovereign Identities

• AllianceBlock, through its identity issuance and verification solution NexeraID, has announced it joined forces with World Wide Web Consortium (W3C).
• W3C enables companies and the public to come together and develop innovative web technologies.
• AllianceBlock will benefit from access to a vast network of leading industry players and provide their technical expertise to W3C while collaborating on improving and developing new standards for the digital identity space.

AllianceBlock Joins Forces with World Wide Web Consortium (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. The collaboration is strategic to the implementation of its core mission as W3C takes pride in more than 450 memberships including Ethereum Foundation, Coinbase Global, Apple Inc., and Microsoft.

About W3C

World Wide Web Consortium (W3C) enables companies and the public to come together and develop innovative web technologies. It is best known for web technologies like HTML and CSS. Moreover, it provides access to a vast network of leading industry players who can work on the development of interoperable web standards through sovereign identities.

NexeraID Empowers Companies

NexeraID empowers companies to seamlessly onboard users to Web3 using self-custodial or custodial wallets. It also streamlines complex compliance workflows while safeguarding users’ identities and assets. Furthermore, NexeraID is compliant with W3C’s established standards for decentralized identifiers (DIDs) and verifiable credentials (VCs).

Collaboration Benefits

Through this collaboration AllianceBlock can reach more DeFi users through the W3C collaboration as well as benefit from access to a vast network of leading industry players who can provide their technical expertise in order to improve existing standards or create new ones for digital identity space. Additionally, NexeraID can proactively collaborate with industry leaders in order foster standardization of Decentralized Identifiers (DID) Verifiable Credentials (VC) on the W3C platform.

Conclusion

This collaboration between AllianceBlock via NexeraIDand World Wide Web Consortium presents an opportunity for both entities by allowing them access each other’s resources which could ultimately result in improved or new standards concerning digital identity space that would be beneficial for all parties involved