A New Crypto Project Backed by Polygon (MATIC) Team Introduces “Proof of Humanity” Protocol
A groundbreaking crypto project, supported by the Polygon (MATIC) team, is revolutionizing the industry with the introduction of a new “proof of humanity” protocol. The Humanity Institution, in collaboration with Polygon Labs and Animoca Brands, is set to launch a cutting-edge blockchain that employs palm scanning technology for identity verification.
The primary goal of this innovative protocol is to ensure that users are real individuals and not AI, utilizing palm scanning technology in a non-invasive manner. Compared to other proof-of-personhood technologies, this method offers a simpler and less burdensome approach to confirming user authenticity.
Yat Siu, co-founder and executive chairman of Animoca Brands, emphasized the invasive and cumbersome nature of existing verification technologies. By prioritizing non-invasive biometrics, the Humanity Protocol aims to establish a user-centric ecosystem. This ecosystem aims to onboard millions of users into a decentralized digital identity solution while upholding the principles of true digital ownership. Ultimately, this will foster greater equity and inclusion for all participants.
This partnership is poised to facilitate a wide range of web3-based applications, including on-chain games, Decentralized Social Media (DeSO), enterprise DeFi solutions, Faridrops, Network States, Real World Assets (RWA), and Decentralized Physical Infrastructure (DePIN) systems. The announcement also revealed that the testnet launch of the protocol is set to take place soon, bringing this exciting development one step closer to reality.
With the introduction of the “proof of humanity” protocol, the crypto industry is taking a giant leap forward in ensuring secure and verifiable digital identities. By leveraging the power of palm scanning technology and decentralization, this project has the potential to revolutionize how individuals interact in the digital space. As the testing phase approaches, anticipation builds for the widespread adoption of this groundbreaking technology.
Analyst comment
Positive news. The market is expected to be positively influenced by the introduction of the “proof of humanity” protocol. This innovative project backed by Polygon (MATIC) team could revolutionize the industry, ensuring secure and verifiable digital identities. Anticipation for widespread adoption is building as the testing phase approaches, indicating potential market growth.
