Worldcoin Rival Humanity Protocol Debuts $1.1B Mainnet for Privacy-First Web2 to Web3 Identity

Humanity Protocol, a privacy-first blockchain id community and controversial rival of Sam Altman’s Worldcoin, has staged his mainnet and debuts a system that connects well-known web2-references with decentralized Web3 companies utilizing Zero-Knurity).

The introduction comes just a few months after the startup $ 20 million established in Hong Kong has collected in a financing spherical that was led by Soar Crypto and Pantera Capital, which elevated its appreciation to $ 1.1 billion.

With the ZKTLS know-how from Humanity Protocol, customers can show that they’ve seen verifiable info, corresponding to vacancies or loyalty standing for airways, with out revealing the underlying doc or web page.

Delicate information by no means leaves the person’s browser and keep away from the privateness issues that biometric approaches penetrate, together with the iriscan mannequin of WorldCoin.

Initially, vacationers can straight hyperlink frequent-flyer and loyalty accounts to their ‘human ID’, which create a transportable fame layer that can be utilized for each web2 and web3 purposes.

The community additionally helps monetary, academic {and professional} login information. Sooner or later, it’s planning to roll out the junction infrastructure in new areas and to enterprise into ticketing within the chain and decentralized board.

“Our mainnet launch modifications decentralized id into sensible infrastructure,” mentioned founder and CEO Terence Kwok. “With ZKTL’s now stay, everybody can verify who they’re and what they’ve achieved on a number of platforms, however no central occasion ever sees their private info.”

By trusting cryptographic proof as a substitute of bodily biometrics, the protocol of humanity positions itself as a extra privacy-conscious various to Worldcoin and different “Proof-of-Mananan” tasks.

The structure of the community permits builders to construct Sybil-Resistant Social Platforms, reputation-based market locations and AI “Humanity Controls” with out amassing or storing delicate person information. A Sybil assault happens when an individual or entity creates a number of pretend identities in a community, typically to get a reward corresponding to an airdrop or disproportionate management over the actions of a community.