The future of on-chain compliance is quite clear: identity needs to become a state, not a record. What does this mean? Client-side proof, decentralized KYC, and real-person verification mechanisms—completely avoiding the accumulation of user data in a centralized database.
This logic is now being explored and practiced by some projects, who are building exactly this model—using on-chain proof to verify identity and identify real users rather than machine accounts. The key is that if responsible capital flows continue to stay on-chain, then this identity system must be fundamentally transformed. Instead of collecting user data, users should have autonomous control over the issuance and verification of their identity proofs. This approach not only meets compliance requirements but also protects privacy.
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NightAirdropper
· 01-18 12:14
Sounds ideal, but can it really be implemented?
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Decentralized KYC has been talked about countless times, but you still have to bind your bank card...
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If this model really works, exchanges would have been doing it long ago
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Identity as a status? Then what about bots spamming orders? They can still do that
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Having autonomous control over permissions sounds great, but what if the private key is lost and the identity is gone too?
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Finally, someone is telling the truth; the database should be taken offline
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Would on-chain verification be prohibitively expensive? Can ordinary users afford it?
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Isn't this just replacing a centralized database with distributed verification? Ultimately, someone still needs to review
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Awesome, if it really works like this, privacy protection could be much better
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ImpermanentTherapist
· 01-18 09:11
Sounds good, but in reality, it will be quite magical. Will centralized databases really disappear obediently?
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SellLowExpert
· 01-17 10:33
It sounds ideal but hard to implement. Will the centralized database folks make concessions?
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FancyResearchLab
· 01-15 12:50
In theory, it should be feasible, but how many pitfalls will we encounter in actual operation? Lu Ban No. 7 is back under construction.
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RebaseVictim
· 01-15 12:49
Sounds good, but can it really be implemented?
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Decentralized KYC has been talked about too many times, but it still feels a bit虚。
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The issue of identity on the chain ultimately comes down to trust.
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It sounds nice, but can data protection really be achieved?
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Finally, someone has explained this clearly, much better than those big companies'套路。
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The question is, who will do the verification? Isn't it just a way to centralize again?
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This is what Web3 should be doing; just focusing on token prices is too boring.
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How to meet both privacy protection and compliance at the same time? It still feels contradictory.
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It definitely needs transformation, but how many projects can really carry it out?
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The direction of on-chain identity is good; it depends on who can make it happen.
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GasFeeNightmare
· 01-15 12:47
The concept that identity is status is something I like; finally, someone has explained this clearly.
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BasementAlchemist
· 01-15 12:46
Sounds good, but can it really be done? Or is it just another beautiful illusion of Web3?
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APY_Chaser
· 01-15 12:45
It sounds idealistic, but in reality, will centralized forces yield so easily?
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LightningLady
· 01-15 12:39
Sounds ideal, but can this really be implemented? Or is it just another overhyped concept?
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ForumLurker
· 01-15 12:31
Sounds good, but can it really be done in reality?
The future of on-chain compliance is quite clear: identity needs to become a state, not a record. What does this mean? Client-side proof, decentralized KYC, and real-person verification mechanisms—completely avoiding the accumulation of user data in a centralized database.
This logic is now being explored and practiced by some projects, who are building exactly this model—using on-chain proof to verify identity and identify real users rather than machine accounts. The key is that if responsible capital flows continue to stay on-chain, then this identity system must be fundamentally transformed. Instead of collecting user data, users should have autonomous control over the issuance and verification of their identity proofs. This approach not only meets compliance requirements but also protects privacy.