Moca Foundation has announced the launch of Moca Chain, a new blockchain technology aimed at addressing the issues of centralized user data verification.
Overview of Moca Chain
Moca Chain is a Layer 1 blockchain designed for identity and user data protection. A testnet and mainnet are expected to launch in Q3 and Q4 of 2025, respectively. Moca Chain will provide solutions for verifying user data both on-chain and off-chain through decentralized data storage, cross-chain identity oracles, and zero-knowledge proof verifications.
Comments on Moca Chain
Yat Siu, co-founder of Animoca Brands, noted that many users today rely on single sign-on (SSO), which represents a centralized point of access to their data. He states that Moca Chain will address this issue by allowing users to have decentralized ownership of their data. 'This aligns with Animoca Brands' mission to promote digital property rights and empower users to control their data,' added Yat Siu.
Potential Industry Impact
Moca Chain aims to change existing models of data ownership and return value to users. This will enable users to manage their identification process and gain access to rewards ecosystems for using their data. The development and integration of applications on Moca Chain could positively affect various fields such as healthcare, finance, and recruitment.
The launch of Moca Chain promises a revolution in user data management and identification, offering a more decentralized and secure approach to privacy and data control.
