Outside Source
Humanity Protocol, focusing on palm-scanning for digital identity, received funds intended to boost the blockchain’s scalability, accessibility, and efficiency for the imminent testnet launch.
Using cutting-edge palm recognition technology, Humanity Protocol is designed to forge a Proof of Humanity for web3 applications, safeguarding user privacy through zero-knowledge proofs. The innovative cryptographic approach enables information confirmation without disclosing the actual data.
“A significant milestone in our journey,” Terence Kwok, founder of Humanity Protocol, described the funding in a release.
Kwok highlighted the endeavor’s dedication to a human-centric blockchain, which seeks to empower individuals with dominion over their digital identity.
Constructed on a zkEVM layer 2 blockchain using the Polygon Chain Development Kit, Humanity Protocol aspires to provide complete ownership over data and identity.
Similarly ambitious in biometric-based digital identification is Worldcoin, spearheaded by OpenAI CEO Sam Altman, which aims to create a Global ID network through iris scanning and offers cryptocurrency incentives for engagement.
Nonetheless, the approach adopted by Worldcoin (WLD) has triggered regulatory investigations and data privacy concerns in various nations, culminating in the ending of its Orb verification program in India, Brazil, and France, alongside recent examinations by Hong Kong’s Privacy Commissioner.
Investors include Polygon Co-Founder Sandeep Nailwal and Animoca Brands Co-Founder Yat Siu, with other venture capital firms such as Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital.
This article first appeared at crypto.news
