Polygon (MATIC), in collaboration with Hong Kong-based sport software program firm Animoca Manufacturers and The Human Institute, has taken benefit of the present artificial intelligence (AI) development by launching a brand new expertise.
Announced on Tuesday, Humanity Protocol on Polygon chain Improvement Equipment (CDK) goals to determine Proof of Humanity in Web3 functions utilizing “cutting-edge” palm recognition expertise as a much less invasive different to identification verification strategies reminiscent of iris scans.
Humanity Protocol Leverages Polygon CDK
The Humanity Protocol, led by tech entrepreneur Terence Kwok, operates underneath the steerage of a council of Founding People, together with Yat Siu, Co-founder and Government Chairman of Animoca Manufacturers, and Sandeep Nailwal, Co-founder of Polygon Labs.
In line with the announcement, the protocol integrates seamlessly with blockchain expertise and may be simply accessed by way of smartphones, offering a user-centric method to identification verification.
The protocol leverages the facility of Polygon CDK and incorporates the Proof of Humanity (PoH) consensus mechanism, fortified by zero-knowledge cryptographic proofs, to make sure community safety and identification validation.
By integrating native, verifiable credentials into its community of decentralized validator nodes, Humanity Protocol goals to attain “true sybil resistance” and grow to be a prime participant within the blockchain ecosystem.
This opens the door to a variety of functions, together with on-chain video games, Decentralized Social Media (DeSO), enterprise decentralized finance (DeFi) options, Faridrops, Community States, Actual World Belongings (RWA), and Decentralized Bodily Infrastructure (DePIN) programs.
Decentralized Id And Rewards
Yat Siu, Co-founder and Government Chairman of Animoca Manufacturers highlighted Humanity Protocol’s user-centric method, stating that present Proof-of-Personhood applied sciences may be “invasive and burdensome.” On the similar time, Humanity Protocol goals to supply a decentralized and inclusive ecosystem that respects the rules of true digital ownership.
Sandeep Nailwal, Co-founder of Polygon, emphasised the importance of Humanity Protocol changing into the world’s first blockchain ecosystem to be “truly” Sybil-resistant and natively combine verifiable credentials right into a decentralized validator node community, paving the best way for numerous blockchain and real-world functions.
Finally, with the upcoming launch of the Humanity Protocol Testnet, customers can be part of the ecosystem and begin incomes rewards.
Claiming to be the human layer for Web3, Humanity Protocol goals to onboard the primary billion people onto the blockchain as Web3 approaches the milestone of 1 billion wallets created.
After reaching the $1 value milestone on Tuesday, Polygon’s native token, MATIC, has skilled a retracement and is presently buying and selling at $0.952, representing a lower of over 2.3% previously 24 hours.
Nonetheless, when inspecting longer time frames reminiscent of seven, fourteen, and thirty days, MATIC has proven vital positive aspects of 11%, 20%, and 21%, respectively. This means a constructive development within the token’s efficiency over the previous weeks.
Featured picture from Shutterstock, chart from TradingView.com
