TON Society has announced a collaboration with HumanCode aimed at enhancing digital identity security in the Web3 space through palm-scanning technology. Announced at Hong Kong Web3 Festival 2024, the partnership is aimed at providing TON ecosystem users a secure method to verify their digital identities while maintaining privacy.
TON Society has contributed five million Toncoin, valued at approximately $5.51 million, to incentivize users who verify their identity using this technology. The initiative is meant to address digital threats such as bots by offering a solution that is accessible through common devices like smartphones and browsers, and is designed to be fast, accurate, and inclusive of all skin tones, TON says.
TON Society is a collective within The Open Network (TON) ecosystem, consisting of various hubs focused on the development and expansion of TON, a decentralized digital platform. The Society plays an important role in helping to foster innovation, collaboration, and growth within the TON ecosystem, supporting initiatives that aim to enhance user experience, security, and digital identity solutions in the Web3 space.
HumanCode, meanwhile, appears to be a very new entity. At the time of writing, it has a minimal online presence, and a minimalist website that promises ‘proof of personhood powered by your palm’ alongside a ‘coming soon’ message.
“A scalable, private, and decentralized identity will help to onboard the first one billion users to the Web3 ecosystem in Telegram,” asserted TON Foundation Growth Director Ekin Tuna. “We look forward to going further and seeing what exciting use cases it will unlock for the community and TON developers alike.”
The organizations are not alone in seeking to build a privacy-focused, decentralized digital ID platform that leverages biometrics to verify that each user is a unique human. Last month, Humanity International Investments announced a partnership with BIO-key that would leverage the latter’s palm scanning technology for user onboarding in its Humanity Protocol initiative, which is aimed primarily at African markets.
And then there’s Worldcoin, co-founded by OpenAI CEO Sam Altman. The firm has become notorious for its use of iris-scanning devices called “Orbs” to enrol users in its own digital ID network, offering cryptocurrency to participants. Thanks in part to its high-profile links to Silicon Valley, Worldcoin has come under intense scrutiny from privacy regulators as it has enrolled millions of people around the world.
Source: Crypto News Flash
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April 8, 2024 – by Alex Perala and the Mobile ID World Editorial Team
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