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While the Internet Identity mechanism ensures privacy and security by creating separate principals for each application, it also presents obstacles for cross-application verification and centralized asset management. In the current blockchain landscape, including the Internet Computer, bot activities and automation tools often disrupt ecosystem fairness, particularly in areas like auctions, launchpads, and system pentesting.
Our existing project, ICTO, which enables transparent token management and distribution, has faced significant bot interference during community open tests, with bots directly connecting to Canisters to bypass verification systems. To address this persistent issue that plagues both Web2 and Web3 environments, my project introduces a flexible verification system for the Internet Computer ecosystem. Key features include:
Customizable Verification Rules: Allows projects to create tailored verification criteria suited to their specific user base and requirements.
Wallet Scoring System: Implements a scoring mechanism for wallets (principals) on the Internet Computer ecosystem based on defined evaluation criteria.
Bot Mitigation: Significantly reduces bot activity within the ecosystem through advanced verification methods.
User Credibility: Establishes a user scoring system to enhance trust and fairness across applications.
Ecosystem-Wide Application: Designed to be integrated across various projects on the Internet Computer, providing a standardized yet flexible approach to user verification. This solution aims to enhance the integrity of interactions within the Internet Computer ecosystem, ensuring fairer participation in various activities while maintaining the platform's core principles of privacy and security.
Decentralized Exchanges (DEXs): Prevent wash trading by verifying user authenticity Prioritize high-reputation users for new token listings or trading competitions
Governance Participation: Ensure only verified, long-term community members can vote on important protocol decisions Weight votes based on user reputation scores
NFT Minting and Marketplaces: Prevent bot-driven mass minting of NFTs Offer early access or exclusive drops to high-scoring users
DeFi Lending Platforms: Adjust interest rates or collateral requirements based on user reputation Prioritize loan approvals for users with higher trust scores
Play-to-Earn Games: Prevent multi-accounting and bot farming Offer exclusive in-game items or events to verified players
Decentralized Social Media: Combat spam and fake accounts Highlight content from verified, reputable users
Crowdfunding Platforms: Verify project creators to prevent scams Offer early access to highly-rated backers
Bug Bounty Programs: Prioritize submissions from developers with high reputation scores Offer higher rewards to verified, trustworthy security researchers
Decentralized Identity Services: Provide a foundation for self-sovereign identity solutions on Internet Computer Enable privacy-preserving verification for various Web3 services
Community-Driven Content Curation: Implement reputation-based moderation systems Weight user contributions based on their BlockID score
