TL;DR
- Humanity Protocol launched the Humanity Foundation to drive decentralized identity solutions, led by prominent figures like Yat Siu.
- The protocol uses biometric technology and zero-knowledge proofs to verify identities without exposing personal data, ensuring privacy and security.
- Humanity Protocol’s palm recognition technology offers robust privacy protections, positioning it as a strong competitor to Worldcoin’s iris biometric technology.
Humanity Protocol has taken a significant step forward by launching the Humanity Foundation. This new foundation, led by prominent figures such as Yat Siu, chairman of Animoca Brands, aims to be a key driver in the Humanity Protocol ecosystem. The foundation’s launch marks a crucial milestone as the protocol inches closer to its token generation event.
Focus on Decentralized Identity and Privacy
Humanity Protocol is dedicated to providing decentralized identity (DID) solutions and zero-knowledge proofs (ZK-proofs), enabling users to verify their unique identities without exposing personal data.
The protocol leverages biometric technology, allowing users to customize their verified identities with additional credentials such as education, employment history, and social reputation. Importantly, Humanity Protocol ensures that biometric data is not stored on any centralized server, enhancing privacy and security.
Leadership and Vision
The Humanity Foundation’s founding directors include Mario Nawfal, founder of International Blockchain Consulting, and Yeewai Chong, an investment professional from Morgan Stanley and Ortus Capital, who will also serve as the interim CEO.
According to Chong, biometrics provide an ideal starting point for building a secure, decentralized identity system. Anchoring proof-of-humanity (PoH) in biometric verification enables the integration of diverse human attributes into a single, privacy-first identity framework.
Comparing Humanity and World
Humanity Protocol’s key competitor, World (formerly Worldcoin), was launched in July 2023 by Tools for Humanity, co-founded by OpenAI CEO Sam Altman. While World uses iris biometric technology, Humanity Protocol employs palm recognition technology, which offers robust privacy protections and is less invasive.
According to Humanity Protocol founder Terence Kwok, palm scans are more user-friendly and maintain a high level of security, making them a preferred choice for many users.
Future Prospects
Following the foundation launch, Humanity Protocol has yet to disclose the date of its token generation event. However, the protocol’s roadmap indicates a strong commitment to advancing decentralized identity solutions.
As the Humanity Protocol continues to evolve, it will be interesting to see how it navigates the challenges and opportunities in the digital identity space, particularly in comparison to its competitors.
