Aztec Labs has acquired Obsidion, the company behind the open-source privacy authentication tool ZKPassport. Co-founders Michael Elliot and Theo Madzou, along with their team, will join Aztec Labs to continue developing ZKPassport and related applications.
Aztec Labs is building the Aztec Network, a privacy-focused layer-2 architecture on Ethereum . Last year, the project raised approximately $60 million in ETH through an AZTEC Token Sale and had previously received around $125 million in venture capital Capital .
ZKPassport allows users to read passports or other identification documents using NFC on their phones, then generate a local cryptographic signature to verify age, nationality, and "true identity" without revealing full personal information.
This tool was used for compliant identity verification at the Devconnect conference and during Aztec's crowdfunding Token Sale . Aztec stated that the ZKPassport protocol and the iOS app will continue to be open source.
