Humanity Protocol Teases Several Major Partnerships Following $1 Billion Valuation

Humanity Protocol Teases Several Most well-known Partnerships Following $1 Billion Valuation

Humanity Protocol, the man made intelligence startup within the support of the recent “Proof of Humanity (PoH)” identification verification skills, teased “a lot of main partnerships” in a Monday interview with Cryptonews.

Humanity Protocol’s Proof of Humanity (PoH) System

Founded handiest closing yr, Humanity Protocol’s snappily ascent has spread all over the A.I. and blockchain sectors for its recent design slated to radicalize identification verification.

The corporate’s blockchain-focused Proof of Humanity (PoH) system verifies an particular particular person’s identification thru palm scanning skills. It’s ready to give OpenAI founder Sam Altman’s Worldcoin a trudge for its money before its testnet open, which is scheduled to take dwelling within the months forward.

“For the length of the testnet, mainnet and for five years beyond that, a fraction of our tokens will likely be dwelling aside for incentivizing recent client participation and humanity verification,” Kwok urged Cryptonews. “Now not like initiatives that offer single token rewards, Humanity Protocol targets to give HP holders and our node operators a various fluctuate of token rewards from ecosystem initiatives, equivalent to L3s and dApps.”

Save to negate “a lot of main partnerships within the impending weeks,” the yet-to-be-printed partnerships will attend as “Verifier Nodes” designed to contain the system’s integrity because it onboards users later this yr.

Does Terence Kwok Like The Solution To Countering Deepfakes?

Merely closing week, the mission announced a $30 million seed funding spherical that saw the company valued at $1 billion with key Web3 gamers equivalent to Shima Capital, Animoca Producers, and Kingsway Capital participating.

How can we navigate a world where actuality is extra and further blurred by the threat of deepfakes, and where truth and authenticity dangle within the balance? 🤔🕵️‍♂️#DeepfakeDilemma

Study More: https://t.co/9tKirxoXR6

— Humanity Protocol 🖐️ (@Humanityprot) May per chance simply 20, 2024

“Centralized techniques uncover prolonged been the de-facto thru storing and verifying our private knowledge and this customarily outcomes in privacy invasion, knowledge exploitation, and unequal score entry to,” Kwok says. “Our vision became once to produce a decentralized solution that empowers people with contain watch over over their very uncover identities while making sure equity and safety.”

Kwok’s organization might per chance well simply provide a fantastic-wanted intention to adequately title people amid a enhance in identification manipulation, with deepfakes almost doubling all over North America from 2022 to 2023.

“Centralized knowledge storage is at probability of breaches and recordsdata leaks. Personal knowledge held by a central authority is a top goal for hackers and might per chance well even be misused by those with score entry to to it,” Kwok mentioned. “In disagreement, leveraging decentralized storage and zero-knowledge proofs permits us to check identities and authenticate users without ever exposing their valid biometric knowledge or any totally different private knowledge.”

With over 500,000 users on its test community waitlist, Humanity Protocol’s testnet might per chance well per chance presumably be the crypto-pleasant design forward for those looking out an identification verification solution.

Source : cryptonews.com