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Explaining how FHE unlocks composable onchain identity with Rand Hindi and Jeremy Allaire CEO at Circle and USDC. Offchain, we use our identities all the time, from buying products online to booking plane tickets. Doing so onchain however would leak sensitive information such as your name, address, social security number and more. With FHE however, you can have a complete Decentralized ID + Verifiable Credentials system onchain, where your identity is encrypted while being fully composable with decentralized applications. Just like you can have account abstraction, you can now have identity abstraction. This is also essential for compliance in onchain payments and tokenization, as it can be used by smart contracts to verify claims in a decentralized, private manner. Learn more about these concepts in the Zama Protocol Litepaper (linked in the comments).

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