Polygon, in collaboration with Hong Kong-based game software company Animoca Brands and The Human Institute, has recently introduced cutting-edge palm recognition technology in the field of artificial intelligence (AI).
The project, known as Humanity Protocol on Polygon chain Development Kit (CDK), is designed to establish Proof of Humanity in Web3 applications by utilizing palm recognition technology instead of traditional identity verification methods like iris scans. Led by tech entrepreneur Terence Kwok and guided by a council of Founding Humans including Yat Siu and Sandeep Nailwal, the Humanity Protocol aims to provide a user-centric approach to identity verification by seamlessly integrating with blockchain technology and allowing easy access via smartphones.
The protocol leverages Polygon CDK and incorporates a secure Proof of Humanity (PoH) consensus mechanism using zero-knowledge cryptographic proofs to ensure network security and identity validation. By integrating verifiable credentials into its network of decentralized validator nodes, the Humanity Protocol aims to achieve true sybil resistance and become a prominent player in the blockchain ecosystem.
With a focus on being inclusive and decentralized, the Humanity Protocol opens up possibilities for various applications such as on-chain games, Decentralized Social Media (DeSO), enterprise decentralized finance (DeFi) solutions, Faridrops, Network States, Real World Assets (RWA), and Decentralized Physical Infrastructure (DePIN) systems.
Yat Siu from Animoca Brands highlighted the protocol’s user-centric approach, aiming to offer a less invasive alternative to existing Proof-of-Personhood technologies. Sandeep Nailwal of Polygon emphasized the significance of achieving true sybil resistance and natively integrating verifiable credentials into a decentralized validator node network, paving the way for diverse blockchain and real-world applications.
As the Humanity Protocol Testnet prepares for launch, users can soon join the ecosystem and begin earning rewards. Describing itself as the human layer for Web3, Humanity Protocol aims to onboard the first billion humans onto the blockchain as Web3 approaches the milestone of one billion wallets created.
While Polygon’s native token, MATIC, experienced a slight decline after reaching the $1 price milestone, the token has shown significant gains over longer time frames, indicating a positive trend in its performance in recent weeks.
In summary, the introduction of palm recognition technology through the Humanity Protocol on Polygon CDK represents a significant advancement in identity verification for Web3 applications, paving the way for enhanced security and user-centric experiences in the blockchain ecosystem.
