In addition to being the digital identity used on DREP and collaborative application platforms, DREP ID also encompasses user-generated digital images across different platforms. For individual users, DREP ID is the first step to highly secure, private and convenient digital asset management.
For enterprises, DREP ID facilitates the acquisition of user traffic and high-quality data. It also provides a shortcut for cross-chain asset interactions, allowing transactions using a wide variety of cryptocurrencies.
1. Digital Assets Interoperability¶
DREP ID supports multi-asset payment and exchange through the DREP Client application, giving users access to a convenient one-stop account management. In addition, binding different platform addresses to DREP ID allows cross-platform transfer by way of cross-chain interoperation.
Such functionality is not just confined to blockchain. For traditional/centralized platforms within the DREP network, cross-platform management such as asset and data integration, encryption of information, etc. is also available through DREP ID without any interference on the existing numerical systems, loyalty point system, economic system or other aspects of the original platform, thereby forming an interconnected decentralized ecosystem.
This allows DREP ID to support cross-chain DApps, allowing DApp developers and users to transfer mainstream currencies freely without suffering from infrastructure restrictions, and freely trade tokens on Decentralized Exchanges. As a result, the user experience would be improved, user bases would be expanded while reducing unwanted duplications in developments.
2. DREP ID Integrates Users’ Information¶
One of Blockchain’s key challenges affecting user adoption is due to the existence of incomprehensible public key addresses of more than 20 digits. Only a small handful of public chains, such as EOS, have recognized and addressed this issue to a small extent. For example, with reference to EOS, each address registered will require consumption of resources, and thus it will be costly to own multiple addresses.
In order to tackle this limitation, DREP propose to use an alias to generate account names that users can easily understand and remember, which helps to lower the threshold of blockchain usage. Furthermore, managing multiple addresses under one account name results in lower resource consumption, circumvent the requirement of having to memorise public key address of more than 20 digits, but the nickname that users can apply for themselves, stored via blockchain.
For existing accounts, recording specific and complex information becomes unnecessary when linking with DREP ID. After DREP ID generates a new sub-account, addresses recording also becomes unnecessary. This is convenient for end users as the Alias serves as a users’ DREP ID marker, connecting various sub-accounts through DREP Reputation Protocol, while also contributing to a users’ credibility and raising awareness to their “second identity” —— the DREP ID.
3. DREP ID Protects User Privacy¶
When logging into centralized platforms, servers have access to sensitive info such as account names, number and email addresses etc. Such platforms are also able to profile users based on their day to day activities without users’ notice. DREP ID, combining with third party logging and while avoiding privacy intrusion, gives users the right to choose what information such platforms are able to acquire, and in which ways they can login. As a result, users do not have to remember multitudes of accounts and passwords whilst protecting their privacy.
• Digital DID Privacy Protection Technology and Zero Knowledge Proof¶
DREP introduces zero-knowledge proof in DID to prevent leakage of unrelated sensitive information. The corresponding zero-knowledge proof is stored in the DID document as verifiable credentials. With DREP’s DID technology and DREP Client, users only need to maintain a single DREP DID private key, to access and manage multiple types of digital assets (e.g. BTC, ETH, etc.).