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Identity Gateways for Tokenized Asset Networks
  • Thomas Hardjono ,
  • Alexander Lipton ,
  • Alex Pentland
Thomas Hardjono
MIT

Corresponding Author:[email protected]

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Alexander Lipton
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Alex Pentland
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Abstract

In order for tokenized asset networks to be accountable as Web3 marketplaces for token-related transactions, identity verification must be conducted by gateways into those token networks. This includes the identity validation and legal status verification of the originators and beneficiaries, the gateway owners/operators, and other relevant service providers. The classic identity provider model could be enhanced to support anti-money laundering regulations, notably the Travel Rule. A privacy-preserving IdP model in combination with a legal service provider is explored where the IdP becomes the issuer of a blinded attestation regarding the user attribute, and where the legal representative with attorney-client privilege becomes the first point of contact for requests for the disclosure of the blinded attestations.
01 Jan 2024Submitted to TechRxiv
08 Jan 2024Published in TechRxiv