Polygon Labs and Animoca Brands teamed up to create a competitor to the well-known Worldcoin (WLD). The Human Institute has launched biometric palm recognition technology for identity verification in the Web3 sphere. The Humanity Protocol was jointly developed by Animoca Brands and Polygon Labs, according to a press release.
Polygon Labs: What is Palm Recognition?
On February 20, Humanity Protocol was deployed on the Polygon Chain Development Kit (CDK) test network. The new product uses palm recognition technology, which the developers consider a better alternative to iris scanning.
According to the statement, the protocol is accessible through smartphones. It can be implemented by Web3 applications for identity verification. The developers note that Humanity Protocol gives users full ownership of their data, which Web2 systems do not.
“Using advanced non-invasive biometrics technology that powers the proof-of-identity consensus mechanism, Humanity Protocol is creating a user-centric ecosystem. It has the potential to connect millions of people to a digital identity verification solution that is truly decentralized and follows the principles of true digital ownership,” said Yata Siu, co-founder and executive chairman of Animoca Brands.
ZK-network of the second level ( L2 ) Polygon CDK works on the basis of zero-knowledge proof, which increases security. In addition, the L2 network also implements a Proof-of-Humanity (PoH) consensus mechanism to verify identity.
Humanity Protocol: A serious Competitor to the troubled Worldcoin project?
Worldcoin’s problems began around the very launch. Amid the excitement in the summer of 2023, the authorities of many countries, including the UK, Argentina, Germany, and France, became interested in the project. Everyone was concerned about the processing of confidential information in large volumes. In addition, regulators questioned the legality of collecting user biometric data.
In addition to law enforcement, members of the crypto community also doubt the security of Worldcoin. Thus, after the listing of the WLD token on many centralized exchanges, some pointed out significant risks associated with the project. Ethereum co-founder Vitalik Buterin identified four potential vulnerabilities.
In early August, a scandal also erupted over Chinese residents cheating Worldcoin’s identity verification (KYC) system. It has been reported that the Chinese are buying accounts with Kenyan verification, thereby bypassing their country’s restrictions. As a result, police from the African country searched the project’s warehouse in Nairobi and took away all the documents.
