In conversation with Terence Kwok and Yat Siu

Our founder Terence Kwok recently took the stage at Proof of Talk, engaging in an insightful fireside chat with one of our founding humans, and Chairman at Animoca Brands, Yat Siu.

Jun 26, 2024

Digital identity

Our founder Terence Kwok recently took the stage at Proof of Talk, engaging in an insightful fireside chat with one of our founding humans, and Chairman at Animoca Brands, Yat Siu. 

During their discussion moderated by Gareth Jenkinson from CoinTelegraph, Terence and Yat explored the critical theme of Web3 adoption, emphasizing the importance of non-invasive and user-friendly onboarding processes for digital identity solutions. This conversation couldn't have been more timely, given the recent surge in data breaches and the escalating challenges posed by AI-driven sybil attacks.

As Humanity Protocol continues to lead in decentralized identity innovation, the insights shared by Kwok and Siu at Proof of Talk underscore our commitment to ensuring a secure, inclusive, and equitable digital future for all.

Introducing Humanity Protocol

The state of the internet has become a point of contention over recent years, with Big Tech holding immense control over our personal data. Facebook alone has had run-ins with data breaches numerous times, resulting in large-scale violations of our right to privacy.

Terence and Yat discussed this in greater detail during their fireside chat. “It’s important that you own your own data — your own identity,” Terence explained, as he introduced Humanity Protocol to the audience. “We’re starting with what we call Proof of Humanity and gradually moving to Proof of Human Identity.”

Yat attested to Humanity Protocol’s approach “We need a technology that allows you to verify who you are on a regular basis and Humanity Protocol is an ideal solution.”

Decentralized ID

One of the main barriers to the widespread adoption of Proof of Personhood solutions is concerns about what organizations are actually doing with our personal data. Yat addresses this concern:

“If you think about all of the concerns that Europe has around what Web2 giants do with all this data. There is all this policing and regulations that don’t necessarily do what they’d hoped it would. But here, if it’s your data and you can sovereignly prove that no one else has access to it and prove that Humanity [Protocol] itself doesn’t use the data in ways that are inappropriate or without permission, or they don’t even have that data, that removes a lot of these concerns.”

Long-term Vision

Web3 projects are already cracking down on Sybils and this is one of our immediate use cases. Terence went on to explain that projects are losing out on engaged customers when Web3 farmers control a large number of wallets hoping to secure airdrops.

In some instances, one person can control tens of thousands of wallets to collect tokens that were meant to fuel legitimate community growth. Humanity Protocol addresses this by ensuring each wallet is linked to a unique human.

But another prime use case is in Web2. Traditionally, creators would create content that is consumed by others, and advertisers will be looking to capitalize on this exchange of information and attention. Now, we have accounts that are primarily bots, creating AI content for other accounts that are primarily bots. Advertisers are often at the mercy of platforms that show inflated engagement figures that may not be driven by real humans.

As Humanity Protocol continues to form strategic partnerships and focuses on deploying a public testnet in the coming months, we’re thrilled to continue spreading the word on how we’re changing the way we interact with others online and maintain control of our data.