Sismo Protocol: Abbreviated Introduction
Ethereum wallets are inevitable to become mainstream, attaining the landmark of more than 10 million active users (MAUs) in 2021. Privacy is a central concern in the Ethereum ecosystem, where holders of Metamask wallets frequently have more than one account and try to avoid making public the link between those addresses.
Public blockchains suffer from two main deficiencies:
- Ensuring user privacy.
- Fragmentation of the user’s reputation and history when managing multiple addresses.
Sismo is a privacy-preserving protocol that allows the issuance of attestations as Non-Transferable Non Fungible Tokens (NT-NFTs), enabling a user to prove elements of the history of its account. The protocol is based on blockchain infrastructure, decentralized identities (DID), and Zero Knowledge Proofs (ZKP).
The prominent use cases to be unlocked by Sismo are:
- Private token-gated communities.
- Sybil attacks resistance.
- Marketplace reputation.
- Targeted and fair airdrops.
- Credit or Degen scoring.
The protocol is already deployed as alpha on Polygon’s mainnet. The product has not been audited yet.
Sismo’s team is composed of a group of talented engineers with a strong background in Ethereum and experience in reputable blockchain protocols. The start-up has raised over $10 million from industry leaders across web3 and web2 environments.
The company has not issued any token, nor does it plan to do so.
Sismo was founded in 2021 as a start-up based in Paris, France. The project aims to gradually transfer governance control to its DAO, which already counts the participation of more than two thousand community members.
Want access to the full breadth of our institutional-grade reports? Join our community of institutions and investors leveraging our industry-leading intelligence to navigate the world of crypto.
Disclaimer
This Report is for informational purposes only and/or all or any of its content thereof, should not, may not, and will not be taken to constitute, either as a whole or in part, any investment advice or recommendation or similar, regulated, or authorized advice, and D-Core by producing, disseminating, giving away, or making available this Report does not, should not, may not and will not be taken to advise on investments, or carry out any similar activity, or any regulated activity or any other authorized activity. D-Core is not authorized by the Financial Conduct Authority or by any other competent EU or elsewhere or otherwise competent authority to carry out any regulated activities and/or any activities within the scope of these authorities’ competence.
D-Core excludes and disclaims all liability and/or responsibility whatsoever and/or howsoever caused, arising out of any actions, or omissions taken, or made by any authorized and/or other recipient of this Report in reliance on, or arising out of, or in connection with any or all content of this Report. Any authorized and/or other recipient of this Report acknowledges, accepts and agrees that they carry out their own independent research and act in their own sole risk in reading or using any or all information contained in this Report. In any event, recipients of this Report are urged to seek professional advice before making any potential investment decision in relation to the project described herein. Any authorized and/or other recipient of this Report accepts this Disclaimer in full. For the avoidance of doubt, this Disclaimer is binding against any recipient of this Report whatsoever.
