Polygon teams up with Animoca Brands, Human Institute to develop palm-based ID verification solution

9 months ago 30
ARTICLE AD

The protocol aims to address the challenge of sybil resistance in Web3.

The Human Institute, a human-centric tech firm, announced today its partnership with Polygon Labs and Animoca Brands to develop a proof-of-humanity identity verification protocol using palm recognition technology to ensure a secure, accessible, and inclusive Web3 user experience. By adopting non-invasive approach, the protocol aims to foster the development of diverse blockchain applications, including on-chain games, DeFi solutions, and even real-world asset integration.

Humanity Protocol Emerges from Stealth: Human Institute, in collaboration with @animocabrands and @0xPolygon , Pioneers the Human Layer for Web3

Read it all here: https://t.co/7X5kd76QhO

— Humanity Protocol (@Humanityprot) February 20, 2024

The newly introduced protocol, dubbed the ‘Humanity Protocol,’ has witnessed the participation of experts in technology and blockchain. Terence Kwok leads the project with advice from a group of well-known leaders, including Yat Siu from Animoca Brands and Sandeep Nailwal from Polygon Labs.

The protocol will leverage Polygon CDK, an open-source framework created by Polygon to enable developers to construct modular, ZK-powered Layer 2 blockchains on top of Ethereum, the Human Institute noted in a blog post.

“The zkEVM Layer-2 blockchain protocol leverages the Polygon CDK, fortified by zero-knowledge cryptographic proofs to ensure network security, and incorporates the Proof of Humanity (PoH) consensus mechanism for identity validation.”

Meanwhile, Animoca Brands will support the project in growing its ecosystem with its Web3 and digital ownership expertise.

According to the Human Institute, palm recognition tech is a less invasive alternative to the controversial iris scanning method and can be easily accessed through smartphones. This approach strengthens defenses against bots and fraudulent accounts while allowing users to securely prove their identity on the blockchain.

As part of its preliminary phase, the Human Protocol plans to launch a testnet and invite users to engage and earn rewards. The project also sets its sight on bringing “the first billion humans onto the blockchain.”

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Read Entire Article