Credit reporting giant Equifax, best known for one of the 
Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
Equifax Partners with Oasis Labs to Issue Anonymous KYC Credentials to DeFi and NFT Users
Decrypt | Mat Di Salvo | Oct 26, 2022
Credit reporting giant Equifax, best known for one of the largest data breaches in history, will now help build a data privacy solution for Web3 projects.
- The company today announced that it has entered into an agreement with privacy-focused cloud company Oasis Labs to develop an identity management and know-your-customer (KYC) product for Web3 startups, such as DeFi protocols and NFT projects.
See: Liquid Avatar Releases Update to It’s Feature Rich Self-Sovereign Identity Mobile App
- But the decentralization that blockchain affords does not mean that Web3 products do not need to follow through with identity verification and KYC procedures, and Equifax and Oasis say that a KYC solution with “strong privacy protection” does not currently exist in the Web3 space.
- The two companies will therefore work together to build a solution by issuing “anonymous KYC-ed credentials” to Web3 users’ wallets.
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