Palm Scanning Digital Identity Gets Boost from Polygon and Animoca

Humanity Protocol has recently attracted investments from key figures in the blockchain industry, including the co-founders of Polygon and Animoca Brands, to support its innovative project that focuses on utilizing palm-scanning technology for digital identity verification. This technology aims to enhance the blockchain’s performance, making it more scalable, accessible, and efficient, especially with the anticipated launch of its testnet.

The protocol employs a cutting-edge approach to create a Proof of Humanity for web3 applications, ensuring user privacy through the use of zero-knowledge proofs. This method allows the protocol to verify information without revealing any actual data, offering a new level of security and privacy in digital interactions.

Terence Kwok, the founder of Humanity Protocol, regards this investment as a crucial step forward for the project. He emphasizes the protocol’s commitment to a user-focused blockchain environment that prioritizes individuals’ control over their digital identities. Kwok’s vision is to make digital interactions more secure and private, empowering users across the globe.

Humanity Protocol is being developed on a zkEVM layer 2 blockchain, utilizing the Polygon Chain Development Kit. This foundation aims to grant users complete control over their data and identity, marking a significant advancement in how digital identities are managed and protected.

The investment round saw participation from several prominent venture capital firms, including Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital, alongside individual contributions from Sandeep Nailwal of Polygon and Yat Siu of Animoca Brands. This broad support underscores the potential impact of Humanity Protocol on the future of digital identity verification and blockchain technology.