According to a report from PANews on July 6, Nuggets, an autonomous sovereign ID and payment platform, stated that it is working with the Bank of England to achieve goals related to the "digital pound". Specifically, the project is developing a privacy and identity layer that could be used with the UK's future central bank digital currency (CBDC).


Nuggets intends to design a secure and private system that prevents transaction tracking and correlation, while adhering to strict anti-fraud and anti-money laundering standards. To that end, Nuggets plans to incorporate zero-knowledge proofs (ZKPs) in its privacy layer. This approach allows user information to be verified without publicly disclosing the relevant information. Users will have access to decentralized IDs called Peer DIDs, which Nuggets describes as "unique and confidential one-time identifiers."
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