ShareRing Seeks to Enhance Zero Trust in Web3 Through Own Vault Query Language

ShareRing, a blockchain-based platform offering digital identity solutions, intends to address Web3 users’ quest for a zero-trust and self-service ecosystem through its Vault Query Language (VQL). 

Since a query language (QL) is any computer programming language that requests and retrieves data from database and information systems by sending queries, the platform seeks to revamp the use of self sovereign verifiable credentials in Web3 using VQL. 

By borrowing a leaf from the logic behind a QR code, ShareRing also intends to make the extraction of personal identification information (PII) transparent. Per the announcement:

“ShareRing’s VQL is an efficient, trustworthy digital process to request and review PII. Because it’s connected to a user’s ShareRing ID and Vault, it not only ensures that this is a secure way to communicate PII but it’s also easy to set up.”

The zero-trust ideology continues to gain steam because it heightens security by eliminating assumptions. Therefore, ShareRing’s VQL aims to minimize the risk of human error in the Web3 ecosystem. The report noted:

“ShareRing’s VQL removes friction between the user and customer while preserving standards and compliance to data privacy regulations.”

Through blockchain technology, the platform enables financial institutions to carry out processes faster and more efficiently based on its electronic know-your-customer (eKYC) product, prompting more flexibility in data sharing. 

ShareRing integrated the eKYC process with near-field communication (NFC) technology in September last year for enhanced security and reliability. 

This move was also aimed at minimizing friction and the inability to extract the precise information from a document. 

Since managing digital identity and footprint in Web2 is a huge challenge, ShareRing rolled out a new website with blockchain-powered digital identities meant to safeguard data ownership and privacy. The website also intended to usher in the Web3 era.