Humanity Protocol 「 🖐️ ✦ 🇺🇳 」 (@Humanityprot): Humanity Protocol Overview
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- HUMANITY+85Positive
Humanity Protocol Overview Humanity Protocol empowers individuals to build trust with each other on the Internet without exposing any of their private data. Why It Matters Web2 problem: Our identity is controlled by Big Tech and these platforms are still used to scam and spam individuals who use these platforms to connect with others. Companies spend billions on managing customer information and even then safety and security isn’t guaranteed. People are growing tired of their information being used in ways they didn’t consent to. Web3 problem: Sybil attacks continue to plague the Web3 ecosystem, with fake accounts distorting governance systems and manipulating votes, while large-scale airdrop farming remains difficult to stop. Despite various safeguards, malicious actors can still create multiple identities to exploit rewards and influence decentralized decision-making How It Works • Palm Recognition: Non-invasive scan via phone or a dedicated point-of-sale device to prove you’re a unique human on the platform. • Verifiable Credentials (VCs): Digitally signed credentials proven without having to reveal any private information (e.g. you can prove you have over $10,000 in cash without downloading and sending your entire bank statement to third parties, or you can prove you’re who claim to be online without revealing your identity, enabling individuals and businesses to trust each other without invasive and lengthy checks) • Zero-Knowledge Proofs: Personal data is never revealed, only marked “true” or “false” Key Use Cases • Personal finance - access loans and prove financial information without revealing any underlying data that’s unnecessary • Healthcare - Keep private health information secure • Security access - A more secure alternative by using biometric authentication to grant access • Ticketing - Seamless onboarding of users, verifying human identity and removing bots (scalping, sniping) • Credential verification - Prove your age, your alumni status, your employment history, or your loyalty program membership, while you remain in control of your digital information Recent Milestones • $1.1B valuation funding round co-led by Pantera Capital and Jump Crypto with a current $1.8B FDV. • Humanity Foundation launched - led by Yat Siu (@ysiu) of @animocabrands, Mario Nawfal (@MarioNawfal), and Yeewai Chong (@Dr_YWC) - Stanford Ph.D. • Mainnet launched with integration with over 24 travel and hospitality partners globally, bringing the first use case live • Acquisition of @Moongate, the largest on-chain ticketing platform, to build a full-stack ticketing solution that allows event goers to use their palm scans to get in. The future of digital identity is here!