Soully Protocol Empowers IRL Businesses with Decentralized Identity - 100+ Merchants Onboarded in Initial Kickoff | Coinspeaker

Soully Protocol Empowers IRL Businesses with Decentralized Identity – 100+ Merchants Onboarded in Initial Kickoff

August 28th, 2023 at 5:10 pm UTC · 2 min read

Soully Protocol Empowers IRL Businesses with Decentralized Identity – 100+ Merchants Onboarded in Initial Kickoff
Photo: Soully Protocol

Soully Protocol, at the forefront of shaping the Web3 data layer through its “decentralized consumer graph”, announced its latest decentralized identity (“DID”) solution during a two-day event in Indonesia. More than 100+ SMEs representing diverse sectors, including culinary, crafts, and fashion, actively participated in the event.

With a focus on driving Web3’s potential through consumer data, Soully Protocol introduced “.soul”, a DID solution empowering businesses to establish their on-chain presence while unlocking the untapped value of their data.

Pradana F. Zumario, the Marketing Head of Soully Protocol, stated,

“We are committed to equipping small businesses and entrepreneurs with the tools they need to harness Web3’s potential and stay ahead in their industries. Our DID solution, along with advanced data management capabilities, empowers them to make the most of their data assets and thrive in the digital landscape.”

At the heart of Soully Protocol’s approach lies its focus on data privacy and security. The solution leverages Zero-Knowledge Proofs (zkp) and encryption technologies to ensure that data processing remains secure and confidential.

Soully Protocol’s workshop in Indonesia serves as a strong starting point for its vision of creating the largest real-world business community in Web3. By bringing valuable consumer data on-chain, the protocol aims to drive data-driven interactions and enable businesses to deliver personalized experiences to their customers.

As Soully Protocol continues its journey, it is committed to empowering businesses globally with its Web3 DID solution and contributing to the growth of the data-driven Web3 economy.

For more information about Soully Protocol and its transformative solutions, please contact our press team at [email protected].

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Soully Protocol

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