Humanity Protocol, a blockchain-based identity network, has announced the launch of its mainnet valued at $1.1 billion. The project aims to create an alternative to Worldcoin, focusing on user privacy.
What is Humanity Protocol?
Humanity Protocol was introduced in early 2024 by the Human Institute with backing from Animoca Brands and Polygon Labs. The project positions itself as a less invasive response to biometric-heavy identity systems. Early prototypes utilized palm recognition technology alongside zero-knowledge proofs, but the mainnet focuses on the zkTLS method.
The zkTLS Technology and Its Applications
zkTLS is a cryptographic method that allows users to prove facts about their existing Web2 records, such as bank KYC checks and airline loyalty information, without the need to share the underlying documents. Project founder Terence Kwok stated, "Our mainnet release turns decentralized identity into practical infrastructure. No central party ever sees [users’ personal information]."
Comparison with Worldcoin and Future Prospects
Humanity Protocol is often compared to Worldcoin, which uses proprietary devices to scan people's irises and issue a global digital ID. However, this model has faced regulatory challenges in various jurisdictions. Humanity Protocol claims its method avoids these issues by keeping data local to the user's device instead of centralized storage.
With the launch of its mainnet, Humanity Protocol aims to attract developers and institutions, creating a secure identity layer for blockchain that serves as a viable alternative to projects based on sensitive biometric data collection.
