tl;dr
HumanCode AI and The Open Network (TON) Society have announced a one million Toncoin incentive program, valued at around $5 million, to promote a palm-scanning proof-of-personhood program. The project, focusing on hand scans for reliable identity verification and user privacy, utilizes a blockchain-...
HumanCode AI and The Open Network (TON) Society have announced a one million Toncoin incentive program, valued at around $5 million, to promote a palm-scanning proof-of-personhood program. The project, focusing on hand scans for reliable identity verification and user privacy, utilizes a blockchain-enabled system to combat bots. TON Society members can verify their human status privately and earn Toncoin rewards using HumanCode's palm-based verification technology, compatible with any browser, camera, and skin tone. With over 900 million monthly active users, HumanCode AI emphasizes the privacy protection and hardware flexibility of its palm system for proof-of-human verification.
Hoping to entice users to enroll in a palm-scanning, proof-of-personhood program, biometrics developer HumanCode AI and The Open Network (TON) Society —the community of developers building the TON ecosystem—are launching a one million Toncoin incentive program worth around $5 million, the groups said during the Hong Kong Web3 Festival on Monday. Focused on hand scans rather than the eye scans preferred by WorldCoin , the HumanCode project promises reliable identity verification while maintaining user privacy, combatting bots via a blockchain-enabled identification and authentication system. “In just a few seconds, the technology can prove that a user is a human with a quick scan of their palm while fully maintaining the individual’s physical anonymity,” TON Society said.
AD AD The scanner, HumanCode said, can be used with any browser, camera, and skin tone. According to TON Society, community members who connect their TON wallet and complete the palm scan using a smartphone to verify their personhood on the TON Society website are eligible for the incentive program. Co-founded by Dr. Dong Zhang in October 2022, Singapore-based HumanCode AI claims to have over 900 million monthly active users. “I spent many years working with the leading technology companies in the world, creating bots for search engines and social platforms,” Zhang said in a statement. “Now, we have reached a stage where bots present a significant risk to the web. AD AD Solutions are in great demand for proof-of-human .” he continued. “While other proof-of-human solutions exist, HumanCode’s palm system offers greater user privacy protection and does not require specific hardware.”
HumanCode and TON Society did not immediately respond to Decrypt’s request for comment. Identify verification has become a cottage industry, thanks in part to a proliferation of AI-generated deepfakes in the last year. But while scams using generative AI have taken the spotlight in recent years, online scams using bots and social engineering have long been a top concern for cybersecurity experts. Others in the blockchain industry working on biometric identification tools include Sam Altman’s Worldcoin and its controversial eye-scanning orbs. In May, Worldcoin announced the raise of $115 million in series C funding. In March, in a bid to be more transparent, Worldcoin said that it is open-sourcing “core components” of its Orb technology.
Originally developed by the team behind the Telegram messaging app, The Open Network project was abandoned in 2020. However, a group of developers who remained active in the community revived the project in May 2021, with the TON Foundation taking over the project. In March, the Telegram game Notcoin announced it would give out $400,000 in Toncoin ahead of this upcoming April 20th airdrop. That same month, Toncoin hit a two-year high on news that Telegram may go public. Currently, the Open Network native token, Toncoin, is $6.26 per coin, up more than 18% for the week, according to Coingecko, as the rest of the crypto market surges ahead of the Bitcoin halving later this month. “A scalable, private, and decentralized identity will help to onboard the first one billion users to the Web3 ecosystem in Telegram," TON Foundation Director of Growth, Ekin Tuna, said in a statement. "We look forward to going further and seeing what exciting use cases it will unlock for the community and TON developers alike.”
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.