Humanity Protocol, a decentralized identity project backed by Polygon Labs and Animoca Brands, has launched its testnet and garnered 25,000 sign-ups within the first 24 hours. The protocol aims to provide a secure and user-friendly method for identity verification using zero-knowledge proofs and non-invasive biometrics, intending to mitigate risks associated with centralized data storage.
A testnet is a blockchain environment where developers and users can experiment with new technologies without risking real assets. Humanity Protocol’s testnet is being released in three phases. The first phase, currently live, allows users to reserve their unique Human ID, a credential that will serve as their identity within the ecosystem.
The project seeks to give individuals control over their own data through advanced Proof of Humanity (PoH) technology. CEO and founder Terence Kwok highlighted the significant response to the launch, stating that it “reaffirms the demand for a more secure and user-friendly way to verify identity without sacrificing personal data.”
Despite a recent valuation of $1 billion after securing $30 million in seed funding, Humanity Protocol faces competition from Worldcoin, a digital identity platform led by Sam Altman that uses iris biometrics to confirm user uniqueness. Worldcoin currently has over 10 million users but has encountered regulatory scrutiny.
Upcoming phases of the testnet will introduce palm print registration via a mobile app and full enrollment through palm vein verification on dedicated devices. These biometric features are designed to enhance security while maintaining user privacy. Humanity Protocol asserts that its palm vein scanning technology is virtually impossible to replicate.
To encourage participation, the platform is offering rewards to early adopters. Users who refer others to the platform can earn testnet tokens, with opportunities to unlock additional rewards such as airdrops as the platform evolves.
Sources: Crypto Briefing, Humanity Protocol
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October 3, 2024 – by the Mobile ID World Editorial Team
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