‘Proof of Humanity’ Project With Palm Recognition Technology Announces Partnership With Polygon Labs and Animoca Brands – The Daily Hodl

A new crypto project backed by the team behind Polygon (MATIC) wants to introduce a new “proof of humanity” protocol.

According to a new press release, the Humanity Institution, in partnership with Polygon Labs and Animoca Brands, is introducing a new zero-knowledge-proof, Ethereum Virtual Machine (zkEVM)-compatible blockchain that uses palm scanning technology.

Using palm-scanning tech to prove users are real and not AI, the protocol relies on a “proof of humanity” mechanism to verify identity, similar to how Sam Altman’s Worldcoin (WLD) uses iris-scanning technology. The absence of such invasive ID protocols is what gives Humanity Protocol an advantage, the announcement says.

Says Yat Siu, co-founder and executive chairman of Animoca Brands,

“Existing Proof-of-Personhood technologies can be invasive, complex, or burdensome. By leveraging the cutting-edge technology using non-invasive biometrics that lie 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.”

According to the press release, the partnership will result in a wide range of web3-based applications, from “fully on-chain games and Decentralized Social Media (DeSO) to enterprise DeFi solutions, Faridrops, Network States, Real World Assets (RWA), and Decentralized Physical Infrastructure (DePIN) systems.”

The protocol’s testnet launch is imminent, according to the release.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/JLStock/Voar CC

Source link