Humanity Protocol, a project utilizing palm scanning technology for web3 identity verification, has secured significant funding to accelerate its development.
Here’s the breakdown:
- Purpose: Build a scalable, secure, and efficient blockchain solution for digital identity.
- Technology: Leverages palm recognition and zero-knowledge proofs to verify identity while protecting user privacy.
- Funding: Backed by prominent investors like Polygon’s Sandeep Nailwal and Animoca Brands’ Yat Siu.
Key features of Humanity Protocol:
- Focus on user control: Empower individuals with ownership of their digital identity.
- Built on zkEVM: Utilizes a Layer 2 blockchain for scalability and efficiency.
- Zero-knowledge proofs: Enables identity verification without revealing personal data.
Comparative Landscape:
- Worldcoin: Another biometric-based identity project using iris scanning.
- Worldcoin’s Challenges: Regulatory scrutiny and data privacy concerns have led to program terminations in several countries.
Humanity Protocol’s approach aims to address these concerns by prioritizing user privacy and data ownership. The successful funding round signifies growing interest in this innovative approach to digital identity in the web3 space.
With a strong team and secure technology, Humanity Protocol is positioned to play a significant role in shaping the future of decentralized identity solutions.
