This page explains how Haven1 unique network design provides a safe and best in class user experience to users engaging on chain.
Grasping the difference between user verification conducted at the application level versus the comprehensive, network-level approach adopted by Haven1 is key to appreciating the robust value offered by hPassport.
The table below contrasts these approaches, highlighting the innovative approach adopted by Haven1.
Integration Complexity
Requires bespoke code
More challenging to change or update.
Simple universal SDK.
More flexibility in updating or changing the KYC process.
Universality of Standards
Multiple standards can co-exist, leading to fragmentation.
Different applications will have different levels of KYC/KYB scrutiny.
One standard for the entire network.
Ensures uniformity.
User Experience
Tedious: Users will need to undergo KYC processes for multiple applications separately.
Smooth: Once verified, users can interact with any application on the chain without re-verification.
Protection from Exploits
Protection varies by application.
Inconsistencies in defense mechanisms across apps.
Fragmentation in design enhances surface attack area
Centralized control offers a unified defense mechanism, but a flaw affects the entire network.
Rapid response possible for widespread issues.
Adoption Barriers
Allows for rapid growth as applications can choose to have laxer or stricter KYC norms.
Establishes a foundational trust layer by requiring upfront verification, which streamlines future interactions and enhances network security for all users.
Operational Costs
Costs are absorbed by individual applications
Cost absorbed by network
Audit and Oversight
Requires overseeing numerous applications individually, which could be resource-intensive.
Single oversight is more straightforward.
Privacy Concerns
Decentralized KYC approaches may offer varied privacy benefits but also introduce potential risks for data breaches across multiple points.
Unifies user data within a secure, unified framework, using advanced encryption to protect privacy and minimize exposure.
Soulbond Tokens Security
Tailored security per application
Risks will be localized to specific applications, but inconsistencies in security measures across different applications can exist.
No recourse mechanic in the event of failure application failure
Standardized security ensures consistent protection.
Consistent level of protection against theft, duplication, or unauthorized transfers.
Network level recourse mechanic provides a failover solution
Last updated
