Coinbase launched its Verifications platform Thursday, bringing know-your-customer policies on-chain. 

The exchange said launching identity verification on the chain protocol level increases security and transparency, providing a solution to common challenges associated with typical KYC methods. 

“Built on the [Ethereum Attestation Service’s] open standard, our verifications are public and composable,” Coinbase Cloud, the company’s blockchain infrastructure arm, wrote on X. 

Ethereum Attestation Service is a base layer where users can make declarations and add virtual signatures to information. 

“EAS enables anyone to make attestations on chain or off chain about…

Read more on Blockworks