Midnight, a 4th era blockchain established for cheap privateness and backed by “The Midnight Basis,” is happy to announce a strategic integration with Creditcoin, the foundational L1 blockchain revolutionizing actual world asset (RWA) finance. Basically, the primary goal of this partnership is to extend folks’s consciousness of humanity and distinguish it from synthetic intelligence (AI).
The rise in doc fraud over the previous 12 months has created a have to show real identification. There are various advantages that it brings to human life, which makes human life a lot simpler than earlier than. Nonetheless, identification fraud is blended with dependable digital forgeries. Based on Entrust’s 2025 Id Fraud Report, generative AI now accounts for 57% of all doc fraud, a rise of 244% over the previous 12 months.
Midnight and Creditcoin create safe, AI-resistant on-chain identities and credit
Midnight and Creditcoin differentiate decentralized identification (DID) and on-chain credit score fame by constructing a lifelong file of human financial conduct immediately on the blockchain that’s distinctly totally different from non-human entities. In all of this effort, your monetary historical past is not going to compromise or expose your delicate monetary info.
Fahmi Mentioned, Chairman of the Midnight Basis, mentioned: “AI is turning into more and more highly effective and innovation is essential to total technological development, however on the similar time we can not enable it to undermine the belief we work so laborious to carry to the digital world. Authentication and privateness can completely coexist so long as customers have the proper encryption instruments. Our work with Creedence exhibits that we do not have to decide on between technological development and safety.”
Selling safe, user-controlled human digital identities
Analysis carried out by the UK authorities particulars the present use of digital identities and highlights the need and significance of privacy-protecting expertise. Moreover, the significance of digital identification is exclusive and have to be decentralized. Whereas 44% of responses point out they’ve expertise with digital ID, a outstanding 70% additionally need safety and privateness to be necessary elements for shoppers.
Midnight’s expertise protects your transaction historical past, which exhibits your mortgage quantities and compensation conduct, with out disclosing the retailers you transacted with. Merely put, its function is to show that the consumer is an actual particular person with real monetary relationships and background. The mission is to make sure a decentralized identification that’s purely user-controlled.
Moreover, Creditcoin founder Tae Oh additionally expressed his ideas. “There are billions of individuals world wide who’ve been excluded from conventional monetary programs, and we consider our work with Midnight will assist open new doorways to the world’s digital economic system,” he mentioned. “That is clearly essential to lots of people. We’re making an attempt to construct an inclusive future the place somebody’s digital presence works to their benefit, not in opposition to them.”
