Terence Kwok - Who Owns You? It's Time to Control Your Identity - TOKEN2049 Dubai 2025
In this thought-provoking keynote from TOKEN2049 Dubai 2025, Terence Kwok, founder of Humanity Protocol, explores the pressing issue of digital identity ownership. As blockchain continues to evolve, Kwok unveils Humanity Protocol’s groundbreaking approach to create a secure, verification-based blockchain. Addressing the inadequacies in current digital identity solutions, Kwok outlines the urgent need for trusted verification systems amid the rise of AI and fraudulent online activities.
Kwok introduces the concept of "Proof of Humanity," utilizing non-invasive biometric palm technology to verify a person’s unique identity. Unlike existing solutions, Humanity Protocol's focus is on user privacy and data encryption, ensuring personal information is never accessible by third parties. The talk delves into practical applications of this technology, such as integration with loyalty programs, event access, and fraud prevention in digital ecosystems.
Highlighting its commercial viability, Humanity Protocol incentivizes credential issuance through a unique economic model. This encourages trusted entities, from universities to government bodies, to participate actively. Moreover, the protocol enables the creation of reusable credentials on an open ecosystem, potentially transforming how we verify user identities, achievements, and affiliations across platforms and industries.
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