Sign is the first project invested by YZi Labs after renaming from Binance Labs, with the goal of enhancing transparency in token distribution to users and AI Agents globally. So what's special about the Sign project? Let's explore in the article below.
What is Sign? Exploring the platform for user authentication information encryption
What is Sign?
Sign is an on-chain infrastructure project for verifying the validity of authentication information such as certificates, degrees, or login information, in order to create transparency and security in token distribution to users. From there, the project creates a new direction in promoting the development and application of blockchain technology globally.
What is Sign?
Sign aims to bring billions of Web2 users into Web3 by continuously developing and integrating practical applications, from contract signing, token distribution to on-chain authentication verification.
Sign's Products
Sign's Products
Sign Protocol
Sign Protocol is an omnichain protocol that allows businesses and users to freely authenticate and verify any information on the blockchain. This protocol can operate independently of any specific execution environment or blockchain, and can therefore support various blockchains such as Ethereum, EVM blockchains, Solana, TON, ...
Sign Protocol uses the Schema Registry, an advanced data structure system to authenticate, store and manage Schemas (data models). This is not only a reference point, but also provides guidelines and standards to shape the creation of new Schemas in a consistent and accurate manner.
In addition, Sign Protocol also uses zkAttestations technology based on Zero Knowledge Proof, to allow users to directly verify information from private websites and messages without going through any centralized organization.
TokenTable
TokenTable is a suite of products designed specifically for token registration and distribution in the form of airdrops or vesting through smart contracts. This is a product developed by Sign for projects, investment funds and large community managers.
To date, TokenTable has securely distributed over $4 billion in token airdrops and unlocks, reaching over 40 million users and investors. There are more than 200 projects using TokenTable, including Movement, Starknet, Zetachain, Mocaverse, ... as well as their investors.
SignPass
SignPass is a blockchain-based identity registration and verification platform that can serve a variety of needs, from national identification programs to community memberships. SignPass provides governments and organizations with a secure, efficient and scalable solution to enhance trust and simplify governance.
The Republic of Sierra Leone is the first country to collaborate with SignPass to launch the Permanent Residency (PR) program, authorized by the Sierra Leone Immigration Department, exclusively for SignPass holders with the following benefits:
- Personal information is secured, encrypted and stored on the blockchain.
- Issuance of physical ID cards, used for identification, verification and KYC.
- Allows SignPass holders to qualify for lifetime permanent residency in Sierra Leone.
EthSign
EthSign is a decentralized application for electronic contract signing. This platform allows connecting legal contracts in the real world with decentralized identities. Users can upload documents, set up signature fields, customize elements like text fields and checkboxes, invite others to sign, track the signing progress, download completed documents and view the full lifecycle history of the agreement.
Development Team
Sign's Development Team
Sign's team members include:
- Xin Yan: CEO & Co-founder.
- Potter Li: Co-founder.
- Jack Xu: CTO & Co-founder.
Investors
Sign's Investors
Sign has raised a total of $28.65 million from investors such as Sequoia, Circle, Hashkey, YZi Labs (formerly Binance Labs), ...
Tokenomics
Currently, Sign does not have any plans to issue a token, Coin68 will update when more information is available.
Conclusion
The above is all the information about the Sign project, Coin68 hopes readers will have a basic understanding of the project and its products. Wish you have more useful knowledge!
Note: The information in the article should not be considered investment advice, Coin68 is not responsible for any of your decisions.
