Moca Foundation Unveils Moca Chain for Decentralized Identity Solutions

The Moca Foundation has announced the upcoming launch of Moca Chain, a Layer 1 blockchain engineered specifically for identity and user data management. This initiative aims to revolutionize the way digital credentials are controlled, unified, and verified, according to Animoca Brands.

Decentralized Identity and Data Solutions

Moca Chain is designed to empower individuals, devices, and AI agents by allowing them to manage their digital identities without reliance on centralized platforms. The chain will support identity protocols across various industry verticals, facilitating privacy-preserved growth through consumer application integrations. The Moca Chain testnet is anticipated to launch in Q3 2025, with the mainnet following in Q4 2025.

Technical Features and Token Utilization

The blockchain will enable decentralized verification of user data across any chains using its decentralized data storage, cross-chain identity oracle, and zkTLS web proof data generation. It will function as a modular, EVM-compatible chain, enhancing interoperability. The MOCA Coin will serve as the core token, covering gas, validator staking, and data-related fees.

Industry Implications and Use Cases

Yat Siu, co-founder and executive chairman of Animoca Brands, highlighted the need for decentralized user data ownership, critiquing the current single sign-on systems as centralized points of failure. Moca Chain aims to address these issues by providing users with true ownership of their data and identities.

Potential use cases for Moca Chain span multiple industries, including healthcare, recruitment, finance, and advertising. These applications will benefit from verified identity data, enhancing security and privacy while enabling seamless user experience across platforms.

Partnerships and Ecosystem Growth

Moca Network, a key partner in this initiative, aims to integrate its AIR Kit with Moca Chain to create a robust digital ecosystem. This collaboration is expected to reach over 700 million users, leveraging partnerships with entities like SK Planet’s OK Cashbag and One Football. Moca Chain is set to become a foundational layer for identity-based experiences in the Web3 space.

By enabling users to control their digital identities and data, Moca Chain seeks to dismantle walled garden ecosystems, distributing value back to the users who generate it. The platform will allow users to specify data access permissions, offering them benefits or token rewards for data sharing.

The Moca Foundation, along with Moca Network, is committed to fostering sustainable growth and adoption of Moca Chain, driving innovations in decentralized governance and cultural economy in the Web3 space.

For more information, visit the Animoca Brands website.