Humanity Protocol, specializing in palm-scanning for digital identification, obtained funds meant to spice up the blockchain’s scalability, accessibility, and effectivity for the upcoming testnet launch.
Utilizing cutting-edge palm recognition expertise, Humanity Protocol is designed to forge a Proof of Humanity for web3 purposes, safeguarding person privateness by way of zero-knowledge proofs. The modern cryptographic strategy allows data affirmation with out disclosing the precise knowledge.
“A major milestone in our journey,” Terence Kwok, founding father of Humanity Protocol, described the funding in a release.
Kwok highlighted the endeavor’s dedication to a human-centric blockchain, which seeks to empower people with dominion over their digital identification.
Constructed on a zkEVM layer 2 blockchain utilizing the Polygon Chain Improvement Package, Humanity Protocol aspires to offer full possession over knowledge and identification.
Equally formidable in biometric-based digital identification is Worldcoin, spearheaded by OpenAI CEO Sam Altman, which goals to create a International ID community by way of iris scanning and presents cryptocurrency incentives for engagement.
Nonetheless, the strategy adopted by Worldcoin (WLD) has triggered regulatory investigations and knowledge privateness issues in varied nations, culminating within the ending of its Orb verification program in India, Brazil, and France, alongside current examinations by Hong Kong’s Privateness Commissioner.
Buyers embody Polygon Co-Founder Sandeep Nailwal and Animoca Brands Co-Founder Yat Siu, with different enterprise capital companies akin to Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital.