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Dragan
Dragan
Feb 24, 2024
News

Humanity Protocol Announces Launch of Web3-Based Palm Recognition Tech in Collaboration With Animoca Brands and Polygon

Human Institute has announced the launch of Humanity Protocol in collaboration with Animoca Brands and Polygon Labs, introducing new palm recognition technology that enables secure identity verification in Web3 using zero-knowledge proofs to preserve privacy while allowing users to retain complete data ownership.
Humanity Protocol Announces Launch of Web3-Based Palm Recognition Tech in Collaboration With Animoca Brands and Polygon

Human Institute, an organization focused on empowering humans in the face of consequences stirred by AI, in collaboration with Animoca Brands and Polygon Labs, has announced the release of Humanity Protocol, a new palm recognition technology designed for verifying users in Web3 using zero-knowledge proofs.

Collaboration Details

This announcement reveals that Humanity Protocol, which is founded by tech entrepreneur Terence Kwok, has a council of Founding Humans guiding development, among which are Animoca Brands co-founder & executive chairman Yat Siu, as well as Polygon Labs co-founder Sandeep Nailwal.

Specifically, Animoca Brands contributed with its expert knowledge of digital property rights while helping in ecosystem growth and in leading the team on using best practices in Web3. In order to improve efficiency and scalability, the protocol makes use of Polygon CDK (Chain Development Kit), an open source and modular toolkit for creating ZK-powered L2 chains on Ethereum.

Yat Siu said the following in the official press release:

“Existing Proof-of-Personhood technologies can be invasive, complex, or burdensome. By leveraging the cutting-edge technology using non-invasive biometrics that lies at the core of the Proof-of-Humanity consensus mechanism, Humanity Protocol is building a user-centric ecosystem that can onboard millions to a verifiable digital identity solution that is truly decentralized and respects the principles of true digital ownership, in the process enabling better equity and inclusion for all participants.”

Polygon co-founder Sandeep Nailwal added:

“As the world’s first blockchain ecosystem to not only be truly sybil-resistant but also to natively integrate verifiable credentials into a decentralized validator node network, Humanity Protocol lays the foundation for a wide variety of blockchain and real-world applications to be built on top.”

About Humanity Protocol

Humanity Protocol is described as being the “human layer” for Web3. It’s a zkEVM Layer-2 blockchain protocol that uses Polygon CDK for network security, and a Proof of Humanity (PoH) consensus mechanism for identity verification, making it possible for users in the world of Web3 to verify themselves without having their privacy invaded, a significant difference from existing biometric methods. The protocol aims to give users complete ownership over their data and identity, while developers get to use unique authentication systems that prevent personal data from being visible thanks to zero-knowledge proofs enhancing user privacy. The innovative blockchain ecosystem, which is said to achieve “genuine sybil resistance” while integrating “native verifiable credentials within its decentralized validator node network,” could open doors to a range of different decentralized, privacy-friendly apps, including fully on-chain games, DePIN (Decentralized Physical Infrastructure) systems, decentralized social media, and potentially more.

The Humanity Protocol Testnet is planned to go live soon, with the official announcement stating that “users will soon be invited to onboard and begin earning rewards.”

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
Posted: 24 Feb, 2024 14:50 • Updated: 15 May, 2024 18:56
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