Crypto enthusiasts appear excited about the new partnership between SpiderDAO and BOTLabs, which brings together SpiderVPN and the KILT Protocol.
The integration is the product of a hardware partnership between the two companies. It will usher in an era where SpiderDAO’s routers will feature a fusion of identities that incorporate decentralized identifiers and verifiable credentials on a blockchain network (KILT).
The use case for the KILT Protocol is the creation of verifiable credentials that simultaneously retain a degree of anonymity for the user. If there is any document whose veracity needs confirmation, the KILT Protocol is the platform to go for, especially when elements of the individual’s identity need to be kept private.
What Does the SpiderVPN/KILT Protocol Integration Bring to the Table?
So what is the big deal about the hardware integration between BOTLabs GmBH and SpiderDAO? Identity verification is not limited to documents alone. Unique identifier stamps can be created for machines and various services that run on them. For instance, server and router information can be rendered in a format that assigns unique credentials to their activity within a single piece of hardware. The partnership between SpiderDAO and BOTLabs seeks to combine machines such as virtual private servers and routers with a decentralized system of creating, storing and uniquely identifiable and verifiable credentials within a single hardware device. This integration creates several possibilities:
Creates tools to preserve user privacy, which has become a big deal in today’s world.
Guarantee the protection of consumers by making sure products and services can be traced and correctly identified.
Provide the potential for protection of intellectual property and copyrighted works.
Minimize or eliminate identity theft.
The partnership between SpiderDAO and BOTLabs brings together the KILT Protocol (blockchain component) and the SpiderVPN routers (hardware component), allowing for decentralized and better-secured credential storage and identification system.
BOTLans GmbH is a German company that focuses on blockchain research and development. BOTLabs designed the KILT Protocol to create, store, and verify digital identity credentials. KILT is designed to be Web 3.0 compliant.
SpiderDAO developed SpiderVPN, a decentralized virtual private network that combines a dual governance model to maintain a stable and scalable governance system that ensures equal voting rights for all participants in a blockchain ecosystem. SpiderDAO is built around the Polkadot consensus mechanism.