Hey Oasis enthusiasts! With Oasis’ Privacy Layer (you might see it gettin mentioned as OPL), your transactions become private, data sharing turns secure, and DeFi gets an extra layer of security. Not to mention, OPL’s integration with Celer’s Interchain Messaging Framework enables seamless communication across blockchains.
The potential this tech can bring to the crypto (and not only) world is HUGE and I wanna hear your ideas on how/where it could be implemented to improve a certain service. Let’s talk!
This development comes at a very opportune time. We are looking forward to the P4W3 hackathon where OPL use cases will feature in a big way. With this cross-chain messaging bridge function underway with Oasis Sapphire and Celer IM integration, we are going to get next-gen privacy-enabled dApps making web3 adoption so much better and safer.
Implementing OPL can greatly improve the security and privacy of identity verification processes. By leveraging OPL’s privacy features, a decentralized identity verification system can be developed, allowing individuals to retain control over their personal data while securely sharing it when necessary. Let’s explore more ideas and continue the conversation!
I am especially excited by the idea of confidential NFTs. Their applicability covers almost every aspect of web3. They can be used as soul-bound tokens or SBTs in web3 games and Metaverse, DeFi, DAO, and DID itself. And having a privacy-enabled data-backed NFT is not only about data sovereignty and security but it can also give the owners a rewarding experience by being part of the data economy.