Web3 digital identity projects are different from meme projects; their value must be reflected in practical application scenarios. Currently, major Web3 digital identity projects such as Worldcoin (@worldcoinfnd) and Humanity (@Humanityprot) are examples of this.
Currently, the potential application scenarios of Humanity's palm scanning and decentralized verification technology include:
* Providing services to prevent witch attacks, especially as dApps may adopt this first.
* Replacing traditional KYC processes by verifying users' unique identities through palm prints, simplifying account opening, payment, and other processes. Some may argue that this is unlikely, but if the limits are kept small, it may receive regulatory support in some countries. This is especially relevant in the era of AI-driven crypto payments.
* Inclusive finance and social welfare; in many parts of the world, users do not have financial accounts. Through palm print verification, this can help these users access financial services. In terms of charity and social welfare, it can also promote UBI services, allowing more people to receive genuine assistance and benefits.
* Preventing identity fraud in the AI era, as various forms of fraud are rampant. Achieving verification of identity can provide significant help.
* In the virtual world and gaming, providing identity verification services for existing games or virtual worlds to ensure the uniqueness of players and prevent various cheating.
* Web3 DAO governance, which is very helpful for ensuring one person, one vote, and can also verify the identity of participants.
* Social media verification; whether on Web2 or Web3 content platforms, there are numerous fake accounts. Achieving a trustworthy platform is greatly aided by Web3 digital identity.
* Replacing traditional access control systems and breaking physical boundaries. For instance, users with genuine palm print identities can access physical or digital spaces anywhere in the world as long as the system is supported. Of course, this is relatively lower in security level but still has certain thresholds.
