Ontology Providing DID Solutions to ROCKI
Ontology’s Decentralized Identity (DID) Registration Management SDK will enable ROCKI to prevent bad actors from impersonating artists and help buyers avoid purchasing inauthentic NFTs.
Ontology’s DID technology relies on global trust anchors to verify user credentials that can then be used to establish a digital identity across multiple blockchains (e.g. Ontology, BSC, Ethereum, OKExChain).
ROCKI intends to have all creators on the platform go through an initial KYC/AML process to verify their identity. Upon completion of the verification process, creators will receive a public stamp of approval, similar to Twitter’s blue checkmark.
Initially, the verification process will be used to verify national ID credentials. However, there are also plans to enable users to verify social media accounts such as Spotify and Instagram. This way, artists with large social media followings will be able to create a robust assortment of verified credentials, leaving little doubt that their NFTs are authentic.
ROCKI spent months searching for a suitable KYC provider and decided Ontology was the best fit for securing its users’ accounts. Their previous partners include Bounce, a decentralized NFT marketplace, and Ankr, a provider of blockchain node hosting solutions.
ROCKI has expressed interest in implementing other Ontology services such as ONT ID. When announcing the partnership, ROCKI wrote that
Ontology’s DDXF (Decentralized Data Exchange Framework) and OScore, which provides credit and reputation scoring based on user ONT ID data, is a powerful tool that may bring further benefits to ROCKI’s creators.
What is Ontology?
Ontology is a high performance, public blockchain specializing in decentralized identity and data. Ontology’s unique infrastructure supports robust cross-chain collaboration and Layer 2 scalability, offering businesses the flexibility to design a blockchain that suits their needs. With a suite of decentralized identity and data sharing protocols to enhance speed, security, and trust, Ontology’s features include ONT ID, a mobile digital ID application and DID used throughout the ecosystem, and DDXF, a decentralized data exchange and collaboration framework.
What is ROCKI?
ROCKI is a user-centric music streaming ecosystem that incentives both the artists and the listeners by rewarding them with its in-house ROCKS token.
Specifically, ROCKI’s marketplace provides artists with near-real-time royalty payments, paid in ROCKS — thereby solving one of the most major challenges in the modern, COVID-stricken digital music industry, where most artists have to fight for streaming pay.
ROCKI have recently received attention by some large crypto media and finance outlets, when dance producer Guy J sold the very first NFT representing 50% of his new track’s future royalties for 40 ETH.
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