Midnight, a 4th generation blockchain established for reasonable privacy and backed by “The Midnight Foundation,” is pleased to announce a strategic integration with Creditcoin, the foundational L1 blockchain revolutionizing real world asset (RWA) finance. Fundamentally, the main objective of this partnership is to increase people's awareness of humanity and distinguish it from artificial intelligence (AI).
The increase in document fraud over the past year has created a need to prove genuine identity. There are many benefits that it brings to human life, which makes human life much easier than before. However, identity fraud is mixed with reliable digital forgeries. According to Entrust's 2025 Identity Fraud Report, generative AI now accounts for 57% of all document fraud, an increase of 244% over the past year.
Midnight and Creditcoin create secure, AI-resistant on-chain identities and credits
Midnight and Creditcoin differentiate decentralized identity (DID) and on-chain credit reputation by building a lifelong record of human economic behavior directly on the blockchain that is distinctly different from non-human entities. In all of this effort, your financial history will not compromise or expose your sensitive financial information.
Fahmi Said, Chairman of the Midnight Foundation, said: “AI is becoming increasingly powerful and innovation is critical to overall technological advancement, but at the same time we cannot allow it to undermine the trust we work so hard to bring to the digital world. Authentication and privacy can absolutely coexist as long as users have the right encryption tools. Our work with Creedence shows that we don't have to choose between technological advancement and protection.”
Promoting secure, user-controlled human digital identities
Research carried out by the UK government details the current use of digital identities and highlights the desire and importance of privacy-protecting technology. Furthermore, the importance of digital identity is unique and must be decentralized. While 44% of responses indicate they have experience with digital ID, a remarkable 70% also want security and privacy to be important factors for consumers.
Midnight's technology protects your transaction history, which shows your loan amounts and repayment behavior, without disclosing the merchants you transacted with. Simply put, its purpose is to prove that the user is a real person with genuine financial relationships and background. The mission is to ensure a decentralized identity that is purely user-controlled.
Additionally, Creditcoin founder Tae Oh also expressed his thoughts. “There are billions of people around the world who have been excluded from traditional financial systems, and we believe our work with Midnight will help open new doors to the world's digital economy,” he said. “We believe that we have a concept of proof of identity, which is obviously very important to a lot of people. We are trying to build an inclusive future where someone's digital presence is not a disadvantage to them, but a benefit to them.”
