Revealed: February 20, 2024, 5:19 AM Up to date: February 20, 2024, 5:39 AM
Edited and reality checked: February 20, 2024 5:19am
Put merely
Humanity Protocol, developed in collaboration with Animoca and Polygon Labs, goals to leverage palm recognition on Polygon CDK to reinforce consumer privateness.
The Human Institute at the moment launched the Humanity protocol on the Polygon CDK in collaboration with Animoca Manufacturers and Polygon Labs. The protocol makes use of palm recognition expertise as a much less invasive identification verification expertise that replaces strategies comparable to iris scans.
The Human Institute will concentrate on safe blockchain options, Animoca Manufacturers will contribute insights on digital property, and Polygon Labs will energy scalability. Moreover, this protocol is definitely accessible from smartphones and establishes proof of humanity in Web3 functions.
“In contrast to conventional strategies which can be weak to information breaches, this protocol employs a Proof of Humanity (PoH) consensus mechanism to make sure genuine interactions and eradicate bots and fraud. On the coronary heart of its innovation is palm recognition expertise that enhances safety whereas prioritizing consumer privateness,” Terence Kwok, founding father of Humanity Protocol, informed Metaverse Put up.
“The usage of zero-knowledge proofs retains private information non-public and offers customers management over their data. The protocol's interoperable structure additional enhances its adaptability throughout quite a lot of functions. and is dedicated to simplicity and comprehensiveness within the Web3 ecosystem,” added Kwok.
In keeping with the announcement, Humanity Protocol is guided by a board of Founding People, together with Yat Siu, co-founder and govt chairman of Animoca Manufacturers, and Sandeep Nailwal, co-founder of Polygon Labs. Moreover, the protocol leverages the capabilities of his Polygon CDK to reinforce scalability and effectivity inside the blockchain ecosystem.
Integration with Polygon's CDK will increase Humanity Protocol's scalability and effectivity. Leveraging Ethereum's safety and Polygon's infrastructure, the protocol processes transactions rapidly. That is important for identification verification at scale. Polygon's CDK helps quite a lot of use instances and allows broad adoption of blockchain-based identification options by making certain flexibility with out compromising efficiency.
Guarantee consumer privateness with Humanity Protocol
One of many distinguishing options of Humanity Protocol is the combination of zero-knowledge proofs, which reinforces consumer privateness and ensures safe identification verification with out compromising delicate information.
“The appliance of ZKP within the Humanity Protocol works as follows: When a consumer makes an attempt to confirm his or her identification by means of the protocol’s palm recognition expertise, a singular digital signature is generated primarily based on the biometric information of the palm.” defined Terence Kwok of Humanity Protocol.
“However as an alternative of storing this biometric data on a blockchain or in a centralized database, this protocol makes use of zero-knowledge proofs to confirm a consumer’s identification claims. The precise palmprint information is saved on the consumer’s gadget or securely. This delicate data isn’t uncovered to networks or third events.
“Moreover, the usage of ZKP extends the privacy-preserving capabilities of the protocol by facilitating transactions and interactions inside ecosystems that require identification verification, with out compromising the anonymity or privateness of the customers concerned. “We are able to strengthen it,” he added.
For instance, when accessing a service, collaborating in a decentralized finance (DeFi) platform, or partaking in actions that require proof of identification inside the Humanity Protocol ecosystem, customers might be assured that their identification and private information are protected. You are able to do it with the peace of mind that
Humanity Protocol's civil-resistant blockchain ecosystem has various functions throughout industries, together with common fundamental revenue, enterprise DeFi, gaming, science, infrastructure administration, governance, asset tokenization, social media, schooling, and credentials. Its versatility guarantees basic reliability and safety in quite a lot of functions the place human verification is crucial.
In keeping with Terence Kwok, the Proof of Humanity (PoH) consensus mechanism allows builders to create modern Web3 functions whereas sustaining consumer possession of their information and identification. By making certain human-verified interactions, PoH ensures a trusted consumer expertise that aligns with the rules of consumer sovereignty and information possession in Web3 environments.
“To launch Testnet, the Humanity Protocol net software will ask customers to scan their palms to confirm they’re human, refer buddies through a singular nickname, and obtain each day Testnet token rewards related to referral exercise. ,” stated Terence of Humanity Protocol. Kwok informed Metaverse Put up.
“Customers who refer buddies to finish the palm verification course of will probably be incentivized with 50% of the Testnet token rewards earned by the referrer, together with each Genesis rewards and each day rewards. Testnet Tokens will probably be convertible into HP tokens upon mainnet launch,” he added.
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Kumar is an skilled expertise journalist specializing within the dynamic intersection of AI/ML, advertising expertise, and rising fields comparable to crypto, blockchain, and NFTs. With over three years of expertise within the trade, Kumar has established a observe document of crafting compelling tales, conducting insightful interviews, and offering complete insights. Kumar's experience lies in creating high-impact content material, together with articles, reviews, and analysis publications for distinguished trade platforms. With a singular skillset that mixes his technical data with storytelling, Kumar excels at speaking complicated technical ideas in a transparent and fascinating method to various audiences.
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Kumar is an skilled expertise journalist specializing within the dynamic intersection of AI/ML, advertising expertise, and rising fields comparable to crypto, blockchain, and NFTs. With over three years of expertise within the trade, Kumar has established a observe document of crafting compelling tales, conducting insightful interviews, and offering complete insights. Kumar's experience lies in creating high-impact content material, together with articles, reviews, and analysis publications for distinguished trade platforms. With a singular skillset that mixes his technical data with storytelling, Kumar excels at speaking complicated technical ideas in a transparent and fascinating method to various audiences.
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