Humanity Protocol Launches New ‘Humanity Foundation’ to Promote Digital ID Ecosystem

The Humanity Protocol has established a new “Humanity Foundation” in the Cayman Islands that aims to advance Proof of Humanity solutions and foster the growth of the Humanity Protocol ecosystem, building on its successful $30 million seed round and rapid user adoption.

The foundation’s leadership comprises notable industry figures, including Animoca Brands Chairman Yat Siu, International Blockchain Consulting Founder Mario Nawfal, and interim CEO Yeewai Chong, who brings experience from Morgan Stanley and Ortus Capital. The leadership team will oversee the expansion of the protocol, which has demonstrated strong market interest through its testnet launch that attracted 25,000 registrations in its first 24 hours.

Central to the foundation’s mission is the advancement of a comprehensive Proof of Humanity framework that uses privacy-preserving biometrics for initial identity verification. The system is designed to let users to add various credentials, including educational qualifications and employment history, while maintaining privacy and security through sybil-resistant authentication. This approach builds on the protocol’s established palm vein biometric verification system, which has proven effective in ensuring unique human identities on the blockchain.

“Biometrics provide the ideal starting point for building a secure, decentralized identity system,” explains Yeewai Chong. “By anchoring Proof of Humanity in biometric verification, we unlock a world of possibilities for integrating diverse human attributes into a single, privacy-first identity framework.”

The foundation’s operational structure includes the Human Institute, led by Terence Kwok, which focuses on technical development and strategic partnerships. The institute is responsible for advancing the protocol’s technical roadmap and driving ecosystem expansion, including the development of new hardware solutions for campus enrollment and mobile verification.

Through its grant program, the Humanity Foundation will support initiatives that promote the adoption of the Humanity Protocol, which functions as a decentralized blockchain integrating biometric verification with authentication systems. The foundation’s broader objectives include funding innovation, incentivizing community growth, and exploring new applications for decentralized identity technology, particularly in areas where traditional identity verification systems have fallen short.

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January 14, 2025 – by the ID Tech Editorial Team