Humanity Protocol strengthens Human ID convenience through collaboration with Mastercard

The decentralized identity verification project Humanity Protocol is strengthening technical cooperation with Mastercard. Through this collaboration, Humanity Protocol's identity verification technology is expected to be further strengthened.

Humanity Protocol announced on the 5th (local time) that it has entered into a partnership with Mastercard. The core of the partnership is integrating Mastercard's open finance technology into Humanity Protocol's identity verification platform 'Human ID'. A Humanity Protocol representative explained, "(Through the collaboration) Humanity Protocol will also be able to access credit, loans, and real-world financial services," adding, "the technology integration will be applied in the United States first."

This partnership will further enhance the convenience of Human ID. In particular, Humanity Protocol says that by using Mastercard's open finance technology, Human ID users will be able to quickly verify financial information such as income levels, asset records, and cash flows. Humanity Protocol stated, "(Personal) data, after verification, is converted into a form that financial institutions or service providers can trust through 'Cryptographic Proof (Cryptographic Proof),'" and "Users can selectively disclose necessary information using zero-knowledge proof (ZKP) technology while fully protecting their privacy."

Human ID was originally created with cross-platform in mind. Cross-platform is technology designed so that systems or software (SW) can operate the same across various platforms. Through this technology, users can utilize identity and financial authentication information verified once in Human ID across various blockchains and centralized ecosystems. For example, with a single Human ID, one could verify eligibility for real-world asset (RWA) investments on the Ethereum (ETH) network or use tailored DeFi products on Solana (SOL).

Humanity Protocol will also raise Human ID's verification capabilities based on its collaboration with Mastercard. First, Humanity Protocol plans to enhance verification of key information linked to Human ID, such as bank account ownership and identity information tied to financial accounts. It believes this will strengthen interaction between DeFi and traditional finance (TradFi) and simplify participation in the RWA market. Terence Kwok, founder of Humanity Protocol, said, "Identity is a core foundation for the future of finance," and "together with Mastercard we are helping Human ID users prove financial eligibility without wasting time on complex manual procedures."

Meanwhile, Humanity Protocol is a company launched last year with the goal of "decentralized identity verification." The core of decentralized identity verification is proving that a user is a real human without disclosing sensitive personal information. To this end, Humanity Protocol developed an identity verification technology that combines zero-knowledge proofs and palm-scan technology. A Humanity Protocol representative said, "(Users) prove they are human with a palm scan and can prove information via zero-knowledge proofs without disclosing personal data to third parties," adding, "decentralized identity verification replaces bureaucratic trust with cryptographic trust."