Shyft Network

Introduction

Shyft Network is an ecosystem that builds trust and compliance around blockchain data. It is a blockchain-based network designed to make digital identities and compliance easier in the world of crypto and Web3.

You can think of it as a bridge that connects traditional rules with the decentralized world. Shyft allows trusted identity data to be shared securely across platforms instead of having to verify your identity separately on each crypto exchange, wallet, or financial service.

It means that you don't have to repeat the same process over and over again, while businesses can stay compliant with the regulations.

Shyft Network focuses on trust, privacy, and interoperability. And it doesn’t force users to give up control of their information, instead, it ensures that sensitive data is only shared when necessary and always with user consent.

Shyft reduces friction between individuals and institutions in the crypto space by providing a secure method of verification, reducing friction without compromising safety.

Key Features

Here are the key features of the Shyft Network:

Digital Identity & Compliance

Shyft makes it easier for user to prove their identity (for KYC/AML) on different platforms without repeating the process every time. It acts like a reusable digital ID across crypto exchanges, wallets, and financial apps.

User-Controlled Data Sharing

Instead of handing over all your personal details, Shyft lets you decide what information to share and with whom. Your data stays private and only gets shared when necessary.

Interoperability

Shyft connects traditional finance regulations with blockchain systems, allowing banks, exchanges, and governments to work with Web3 projects in a compliant way.

Trust Anchors

These are verified entities (like banks, government agencies, or regulated platforms) that confirm your identity and issue “verified credentials” on Shyft. This adds an extra layer of security and trust.

Secure Data Layer

Shyft uses encryption and blockchain technology to make sure identity data can’t be tampered with or stolen.

Regulatory Bridge (FATF Travel Rule Compliance)

Shyft helps crypto businesses follow global regulations, like the FATF Travel Rule, which requires sending certain information when transferring digital assets between platforms.

Token Utility (SHFT)

The SHFT token is used within the network for staking, incentivizing participation, and paying translation costs.

In simple terms, Shyft gives users a secure, reusable digital ID, helps businesses stay compliant, and creates trust between the old financial world and the new decentralized one.

How it Works

Using Shyft is like having a secure digital passport for the crypto world. When a user completes identity verification (like KYC) with a trusted organization, such as a bank, exchange, or government agency, that entity becomes a Trust Anchor and issues a verified credential on Shyft Network.

This credential is stored securely on the blockchain and can be reused across different platforms. Instead of repeating the verification process every time you sign up for a new exchange or wallet. You can simply grant permission for that platform to check your credentials through Shyft.

Behind the scenes, Shyft ensures that your sensitive data is encrypted and only shared when you allow it. The platform receiving your information doesn’t get full access to your personal details, just the confirmation that your identity has already been verified.

This makes onboarding faster, safer, and more compliant with regulations, while giving you more control over your own information.

In short, users interact with Shyft by verifying once with a trusted source and then reusing that verification whenever needed in the Web3 ecosystem.

Why It Matters (for Solana Users)

For Solana users, Shyft matters because it helps bridge the gap between decentralized finance (DeFi) and real-world compliance. As Solana grows with fast, low-cost transactions and attracts more traders, stakers, and explorers, global regulations like the FATF Travel Rule are becoming unavoidable for exchanges and platforms.

Shyft provides a smooth way to handle these requirements without slowing down the user experience. Instead of forcing traders to repeatedly complete KYC or exposing sensitive data, Shaft enables secure, permissioned sharing of identity information across the Solana ecosystem.

This is especially valuable for traders, who benefit from faster onboarding and smoother transfers across regulated exchanges. Stakers and long-term holders gain peace of mind knowing the platforms they interact with are compliant and secure.

And for developers or explorers building on Solana, Shyft offers tools to integrate compliance-ready identity solutions, making it easier to attract institutional players and expand the network’s adoption.

In short, Shyft strengthens trust in Solana’s DeFi ecosystem while keeping it accessible and user-friendly.

How to Use It

Here’s a simple walkthrough of how to use Shyft Network:

Step 1. Verify Your Identity

Start by completing KYC (Know Your Customer) with a trusted organization, like a crypto exchange, bank, or other approved platform. This entity becomes your Trust Anchor.

Step 2. Get Your Digital Credential

Once verified, the Trust Anchor issues a secure, reusable credential on the Shyft Network. Think of this as your blockchain-based digital ID.

Step 3. Control Your Data

You decide when and where your credential is shared. Platforms can only access the parts of your information that you give permission for.

Step 4. Reuse Across Platforms

When you join a new Solana-based app, wallet, or exchange, you can simply grant access to your Shyft credential instead of going through KYC all over again.

Step 5. Trade, Stake, and Explore

With your Shyft credential, you can interact with Solana DeFi platforms, exchanges, and services more smoothly while staying compliant with regulations.

Milestones