Paribus Formed Strategic Partnership with PhotoChromic
Paribus is pleased to announce a strategic partnership with PhotoChromic, a rising star within the CardStarter community. PhotoChromic will use its protocol to extend the ownership record of an NFT by enabling a biometric hash of the owner and a piece of generative art to be saved as the visual representation of that individual. For those looking to be identifiable, they can elect to surface their recognisable face on the NFT. This collaboration will allow Paribus to add further functionality to future iterations of their platform.
Murray Legg, co-founder of PhotoChromic, commented: “Paribus has set such a great example of transparency and dynamic product direction. Their engagement with their early supporters and the broader community is fantastic. We’re very pleased to be working with them.”
Wilson Davis, COO of Paribus, commented: “PhotoChromic will add a vital layer of functionality to the blockchain space. I believe that their protocol will play a key role for an extensive variety of verification processes, and will be utilized by a vast amount of individuals in the future. I’m happy that Paribus will be able to collaborate with PhotoChromic and integrate their cutting edge technology.”
About PhotoChromic
PhotoChromic is a blockchain based protocol that tokenizes an individual’s identity through an NFT that is programmable, verifiable, universally addressable and digitally secured, verifying the link between the analogue and digital worlds. The product aggregates biometric proof of life, with government-backed identity verification and unique personal attributes, into an on-chain asset that is utilised for blockchain based identity verification and Web3 applications.
The benefits that the protocol offers include:
- Immutable security and independent management of your online identity
- Attestation of true biometric identity, tethered to your physical and digital assets
- A multi-chain protocol to run initially on Ethereum, Polygon (MATIC) and Cardano
By developing and deploying this protocol onto key blockchains, there are a host of value added benefits and commercial opportunities that will be created as a result. These can either be pursued by PhotoChromic in isolation, developed in joint-venture with other parties, or proposed to third parties who consume the protocol for their own commercial risks and return.
About Paribus
Paribus is a first-of-its-kind cross-chain lending/borrowing platform built on the Cardano blockchain. Paribus is poised to lead the industry in unlocking and fully realizing the intrinsic value of NFTs and other unconventional assets. At its core Paribus utilizes a sophisticated dynamic interest rate algorithm.
📰 INFO
https://medium.com/@paribus_io/paribus-partners-with-photochromic-53971e17e940
