Elesto is a protocol designed to provide the building blocks for a secure and resilient identity framework based on self-sovereign identity.
Elesto was born from the research project Cosmos Cash: a regulatory compliant protocol that offers the same guarantees as traditional banking systems. Features that enable these guarantees are Know Your Customer (KYC), anti-money laundering (AML) tracking, Financial Action Task Force (FATF) travel rule, and identity management.
Elesto uses a novel approach to identity management by leveraging W3C specifications for decentralized identifiers and verifiable credentials.
For more information on the research behind the Elesto protocol, see the Cosmos Cash research paper:
Cosmos Cash: Investigation into EU regulations affecting E-Money tokens
The Elesto approach leverages open standards to reach its goals and to offer an open model that is compatible with third-party projects that use the open standards. In particular, the Elesto project roadmamp includes:
- Self-sovereign identity (SSI)
- Decentralized identifier (DID)
- Verifiable credentials (VC)
- Zero-knowledge proofs (ZKP)
For a detailed architecture description and design choices, visit the ADR section.
Do you have questions or want to get in touch? Send us an email at [email protected].