Moca Foundation Unveils Moca Chain: A New Blockchain for Decentralized Identity and Privacy

3 Sources

Moca Foundation announces Moca Chain, a Layer 1 blockchain designed for self-sovereign, privacy-preserving identity and user verification, set to launch in 2025.

Moca Foundation Introduces Moca Chain for Decentralized Identity

Moca Foundation has announced the launch of Moca Chain, a new Layer 1 blockchain specifically designed for identity and user data management. Set to debut in 2025, this innovative platform aims to revolutionize how individuals, devices, and AI agents control and verify their digital credentials without relying on centralized platforms 1.

Source: Analytics Insight

Source: Analytics Insight

Key Features and Objectives

Moca Chain is being developed as an EVM-compatible, modular blockchain that will enable on- and off-chain user data verification across multiple chains. The platform will utilize MOCA Coin as its core token for various functions, including gas fees, validator staking, and data verification 1.

Yat Siu, co-founder and executive chairman of Animoca Brands, emphasized the importance of this development: "Moca Chain seeks to solve this problem by giving users decentralized true ownership of their data, ensuring the sovereignty of users' digital identity without a single point of failure" 2.

Ecosystem and Partnerships

Moca Network, the identity ecosystem of Animoca Brands, will be a key launch partner for Moca Chain. The network's AIR Kit, an identity management software development kit, is already integrated into various partner offerings, potentially reaching over 700 million users 1.

Notable partnerships include:

  • SK Planet's OK Cashbag (28 million KYC'd users)
  • One Football (over 200 million users)

Use Cases and Industry Applications

Moca Chain aims to address common pain points in identity verification across multiple industries:

  1. Healthcare: Unified electronic health records
  2. Recruitment: Verified education credentials
  3. Finance: Privacy-preserved KYC/AML
  4. Advertising: Unified user data for verified onboarding 1

User Control and Data Monetization

A key feature of Moca Chain is its focus on user control over personal data. Users will be able to specify which applications can access their private information and set granular permissions for data sharing. This model also allows users to potentially earn rewards for the use of their data 1.

Technical Infrastructure

Moca Chain will incorporate several advanced technologies:

  • Decentralized data storage
  • Cross-chain identity oracle
  • Web proof data generation (zkTLS)
  • On-chain verifications 2

Launch Timeline

The Moca Chain testnet is expected to launch in Q3 2025, with the mainnet following in Q4 2025 3.

As the digital identity landscape continues to evolve, Moca Chain represents a significant step towards decentralized, user-controlled identity management. Its success could potentially reshape how we approach digital identity and data ownership in the Web3 era.

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