ERC 725 is a proposed standard for blockchain-based identity authored by Fabian Vogelsteller, creator of ERC 20 and Web3.js. ERC 725 describes proxy smart contracts that can be controlled by multiple keys and other smart contracts. ERC 735 is an associated standard to add claims to an ERC 725 identity smart contract. These identity smart contracts can describe humans, groups, objects, and machines. ERC 725 lives on the Ethereum blockchain.
ERC 725 allows for self-sovereign identity. Users should be able to own and manage their identity instead of ceding ownership of identity to centralized organizations. We have seen the negative effects of having centralized identity with damaging leaks and unfair selling of user data and identity. An open, portable standard for identities will enable decentralized reputation, governance, and more. Users will be able to take their identity across different Dapps and platforms that support this standard.
Fabian Vogelsteller Author of ERC 725
Nick Poulden Engineer at Origin Protocol
Josh Fraser Cofounder Origin Protocol
Mircea Pasoi Engineer at Coinbase
Adam Dossa Engineer at Polymath
Pablo Ruiz Engineer at Polymath
Stan James Engineer at Origin Protocol
Tyler Yasaka Engineer at Origin Protocol
Doug King CTO at Verity
Júlio Santos CTO at Fractal
Marek Kirejczyk Engineer at EthWorks
Fausto Vanin Partner at OnePercent.io
"Fabian Vogelsteller, the creator of the Mist Browser and web3.js, is working on a new identity standard for Ethereum, ERC 725."
Read more »"To have an identity that people use and trusts, it needs to be on a trustless layer like Ethereum, or another public blockchain."
Read more »"If you are who you say you are, then why must you prove it over and over again? One day, a blockchain-based standard could make the monotony of identity verification a relic of the past."
Read more »"You can think of ERC 725-enabled identity a bit like Facebook Connect, but without the Facebook."
Read more »"Although ERC 725 is still at an early stage, we believe it has great potential and our intention is to use it as the basis for managing identity and trust at Origin."
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