Humanity Protocol, a pioneering project focusing on palm-scanning for digital identity, has recently secured funding. This financial boost aims to enhance the blockchain’s scalability, accessibility, and efficiency in preparation for its upcoming testnet launch.

Proof of Humanity and Privacy Protection

Leveraging advanced palm recognition technology, Humanity Protocol is set to establish a Proof of Humanity for web3 applications. This innovative approach prioritizes user privacy through the use of zero-knowledge proofs. This cryptographic method allows for the confirmation of information without revealing the actual data, providing an extra layer of security and privacy.

“A significant milestone in our journey,” said Terence Kwok, founder of Humanity Protocol, in a recent release.

A Human-Centric Blockchain

Kwok emphasized the project’s commitment to creating a human-centric blockchain. This initiative aims to empower individuals by giving them control over their digital identity. Built on a zkEVM layer 2 blockchain using the Polygon Chain Development Kit, Humanity Protocol aims to provide complete ownership over data and identity.

Humanity Protocol vs. Worldcoin

Humanity Protocol is not the only project exploring biometric-based digital identification. Worldcoin, led by OpenAI CEO Sam Altman, also aims to create a Global ID network through iris scanning. However, Worldcoin’s approach has faced regulatory scrutiny and data privacy concerns in several countries, leading to the suspension of its Orb verification program in India, Brazil, and France, and investigations by Hong Kong’s Privacy Commissioner.

Investors Backing Humanity Protocol

Humanity Protocol has attracted investment from notable figures in the crypto industry, including Polygon Co-Founder Sandeep Nailwal and Animoca Brands Co-Founder Yat Siu. Other venture capital firms backing the project include Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital.

As the world of cryptocurrency continues to evolve, projects like Humanity Protocol are paving the way for a more secure and user-centric future. For more insights into the dynamic world of digital currencies, explore related articles on Global Crypto News.

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