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Printed: February 20, 2024 at 5:19 am Up to date: February 20, 2024 at 5:20 am
Edited and fact-checked:
February 20, 2024 at 5:19 am
In Transient
The Humanity Protocol developed with Animoca and Polygon Labs ensures person privateness utilizing palm recognition know-how on the Polygon CDK.
Human Institute in collaboration with Animoca Manufacturers and Polygon Labs at present launched the Humanity Protocol on Polygon CDK. The protocol makes use of palm recognition know-how, as a much less invasive id verification various to strategies like iris scans.
The Human Institute focuses on safe blockchain options, Animoca Manufacturers contributes digital property insights, and Polygon Labs enhances scalability. Moreover, the protocol is well accessible by way of smartphones, establishing Proof of Humanity in Web3 functions.
“In contrast to conventional strategies weak to information breaches, this protocol employs a Proof of Humanity (PoH) consensus mechanism to make sure real interactions, eliminating bots and fraud. Central to its innovation is palm recognition know-how, providing enhanced safety whereas prioritizing person privateness,” Terence Kwok, founding father of Humanity Protocol advised Metaverse Put up.
“By using zero-knowledge proofs, private information is saved non-public, empowering customers with management over their info. The protocol’s interoperable structure additional enhances its adaptability throughout varied functions, promising simplicity and inclusivity within the Web3 ecosystem,” Kwok added.
In accordance with the announcement, Humanity Protocol is guided by a council 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 facility of Polygon CDK to boost scalability and effectivity throughout the blockchain ecosystem.
Integrating with Polygon‘s CDK enhances Humanity Protocol’s scalability and effectivity. Leveraging Ethereum’s safety and Polygon’s infrastructure, the protocol processes transactions swiftly, which is important for large-scale id verification. Polygon’s CDK helps various use instances, making certain flexibility with out compromising efficiency, thus enabling widespread adoption of blockchain-based id options.
Humanity Protocol Ensures Person Privateness
One of many distinguishing options of the Humanity Protocol is its integration of zero-knowledge proofs, which boosts person privateness and ensures safe id verification with out compromising delicate information.
“The appliance of ZKP in Humanity Protocol features as follows. When customers try to confirm their id by way of the protocol’s palm recognition know-how, a singular digital signature is generated primarily based on their palm’s biometric information,” Humanity Protocol’s Terence Kwok defined.
“Nevertheless, as a substitute of storing this biometric info on the blockchain or inside any centralized database, the protocol employs zero-knowledge proofs to validate the person’s id declare. The precise palm print information stays solely on the person’s gadget or inside a safe enclave, making certain that this delicate info is rarely uncovered to the community or third events.”
“Moreover, using ZKP permits the protocol to boost its privacy-preserving capabilities by facilitating transactions and interactions throughout the ecosystem that require id verification with out compromising the anonymity or privateness of the customers concerned,” he added.
As an illustration, when accessing companies, collaborating in decentralized finance (DeFi) platforms, or participating in any exercise that requires proof of id throughout the Humanity Protocol ecosystem, customers can accomplish that with the peace of mind that their id and private information stay protected.
Humanity Protocol’s sybil-resistant blockchain ecosystem has various functions throughout industries, together with Common Primary Earnings, Enterprise DeFi, gaming, science, infrastructure administration, governance, asset tokenization, social media, schooling, and credential verification. Its versatility guarantees foundational belief and safety in varied functions the place human verification is important.
In accordance with Terence Kwok, the Proof of Humanity (PoH) consensus mechanism empowers builders to create revolutionary Web3 functions whereas sustaining person possession over their information and id. By making certain verified human interactions, PoH ensures reliable person experiences, aligning with the ideas of person sovereignty and information possession within the Web3 panorama.
“Upon testnet launch, the Humanity Protocol internet software will present customers with the power to scan their palms to confirm that they’re human, refer buddies by way of a singular nickname, and declare every day testnet token rewards tied to their referral exercise,” Humanity Protocol’s Terence Kwok advised Metaverse Put up.
“Customers who refer buddies to finish the palm verification course of are incentivized with 50% of all testnet token rewards that their referrals get, inclusive of each the genesis and every day rewards. The testnet tokens will likely be convertible to the HP token at mainnet launch,” he added.
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About The Writer
Kumar is an skilled Tech Journalist with a specialization within the dynamic intersections of AI/ML, advertising and marketing know-how, and rising fields similar to crypto, blockchain, and NFTs. With over 3 years of expertise within the business, Kumar has established a confirmed monitor file in crafting compelling narratives, conducting insightful interviews, and delivering complete insights. Kumar’s experience lies in producing high-impact content material, together with articles, experiences, and analysis publications for distinguished business platforms. With a singular ability set that mixes technical data and storytelling, Kumar excels at speaking advanced technological ideas to various audiences in a transparent and fascinating method.
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Kumar is an skilled Tech Journalist with a specialization within the dynamic intersections of AI/ML, advertising and marketing know-how, and rising fields similar to crypto, blockchain, and NFTs. With over 3 years of expertise within the business, Kumar has established a confirmed monitor file in crafting compelling narratives, conducting insightful interviews, and delivering complete insights. Kumar’s experience lies in producing high-impact content material, together with articles, experiences, and analysis publications for distinguished business platforms. With a singular ability set that mixes technical data and storytelling, Kumar excels at speaking advanced technological ideas to various audiences in a transparent and fascinating method.