Worldcoin Rival Humanity Protocol Debuts $1.1B Mainnet for Privacy-First Web2 to Web3 Identity
Humanity Protocol, a privacy-first blockchain identification community and high-profile rival to Sam Altman’s Worldcoin, fired up its mainnet, debuting a system that connects acquainted Web2 credentials to decentralized Web3 providers utilizing zero-knowledge transport layer safety (zkTLS).
The introduction comes simply months after the Hong Kong-based startup raised $20 million in a funding spherical co-led by Soar Crypto and Pantera Capital, lifting its valuation to $1.1 billion.
Humanity Protocol’s zkTLS expertise permits customers to show they’ve considered verifiable info, comparable to job listings or airline loyalty standing, with out revealing the underlying doc or web page.
Delicate knowledge by no means leaves the person’s browser, avoiding the privateness considerations which have riddled biometric approaches, together with Worldcoin’s iris-scanning mannequin.
Initially, vacationers are in a position hyperlink frequent-flyer and loyalty accounts on to their “Human ID,” creating a conveyable fame layer usable throughout each Web2 and Web3 functions.
The community additionally helps monetary, instructional {and professional} credentials. In future, it plans to roll out node infrastructure in new areas in addition to venturing into on-chain ticketing and decentralized governance.
“Our mainnet launch turns decentralized identification into sensible infrastructure,” mentioned founder and CEO Terence Kwok. “With zkTLS now reside, anybody can verify who they’re and what they’ve achieved throughout a number of platforms, but no central get together ever sees their private info.”
By counting on cryptographic proofs slightly than bodily biometrics, Humanity Protocol positions itself as a extra privacy-conscious different to Worldcoin and different “proof-of-human” initiatives.
The community’s structure permits builders to construct Sybil-resistant social platforms, reputation-based marketplaces and AI “humanity checks” with out gathering or storing delicate person knowledge. A Sybil assault happens when an individual or entity creates a number of pretend identities inside a community, typically to achieve a reward like an airdrop or disproportionate management of a community’s operations.
