Verida and inDAO Team Up to Help Uzbekistan Adopt Web3 Tech

Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission.Source: PixabayinDAO, a specialized organization focused on incorporating blockchain technology into daily life, and Verida, a provider of self-sovereign digital identity solutions, have formed a partnership with the goal of promoting the widespread adoption of Web3 in Uzbekistan.

The partnership will include the implementation of pilot projects and engagement with government stakeholders. The objective is to establish both technological and business consensus, ultimately delivering a cost-effective and efficient digital infrastructure for Uzbekistan, according to a press release shared with Cryptonews.com on Thursday.

This collaboration also aims to tackle user privacy and digital security across sectors such as healthcare, education, and real estate.

Verida and inDAO will collaborate directly with the Uzbekistan government’s Digital Economy Research Center to showcase the potential of this Web3 technology as a crucial component of Uzbekistan’s digital strategy, the release noted.

Over the course of 2023 and 2024, the companies will jointly undertake pilot programs to illustrate how inDAO’s blockchain technology, along with Verida’s self-sovereign web3 wallet and regulatory-compliant data storage, can empower citizens by providing them with control over their digital presence.

“We are excited to be collaborating with inDAO to explore how emerging blockchain, web3 and self sovereign identity technology can be impactful across multiple sectors of Uzbekistan,” said a government representative from Digital Economy Research Center in Uzbekistan. ”We will jointly build out proof of concepts in the key areas of focus over the coming months, working closely with stakeholders across multiple government departments and industry leaders.”

A tailored edition of the Verida wallet is set to be created to fit the needs of Uzbekistan citizens This customized wallet, set to debut in 2024, will connect with the inDAO blockchain and operate on Polygon Supernets.

Simultaneously, Verida’s self-sovereign database network will “ensure the security of user credentials, healthcare data, and other private information that should not be stored on a public blockchain,” according to the release.

“The Verida technology enables us to rapidly test and deploy these exciting new business models in Uzbekistan,” said Aziz Kamilov, co-founder of inDAO. “The Verida wallet provides a perfect interface for citizens to interact with this new world, while the Verida storage network ensures user data is protected in line with local regulatory requirements.”

Initial pilot projects will focus on partnering with local universities to implement zero-knowledge credentials, empowering students to verify their qualifications to potential employers. Subsequent initiatives will include pilot projects in three hospitals, providing users with the ability to take control of and manage their health records securely.