Fun

News Feed - 2023-09-08 01:09:00

Cointelegraph Innovation Circle8 hours ago9 crypto leaders share advice for proof-of-humanity solution buildersRespect for users’ personal privacy must be top of mind when developing proof-of-humanity identity solutions.337 Total viewsListen to article 0:00Innovation CircleJoin us on social networksTrust is in shorter supply in the digital world these days. As artificial intelligence evolves and produces more “humanlike” and realistic results, users of digital services are increasingly concerned with knowing who and/or what, precisely, they’re interacting with. With a commitment to decentralization and broad access, the crypto industry in particular needs proof-of-humanity solutions to avoid issues like fake accounts and automated bots — and, of course, to comply with Know Your Customer and Anti-Money Laundering regulations.


The crypto industry is nothing if not innovative, and proof-of-humanity solutions that leverage verified video registries, social connections and biometric identification are among those in the works. But user privacy and control are a cornerstone of the crypto philosophy, so it’s essential that developers demonstrate a commitment to these principles. Below, nine members of Cointelegraph Innovation Circle share their advice and ideas to help developers of proof-of-humanity solutions preserve the privacy of personal information. Aim for anonymous verification methods


Developers should aim for anonymous verification methods, such as zero-knowledge proofs, and process data on the user’s device to prevent personal information from being transmitted. When transmission is necessary, use end-to-end encryption. Emphasize transparency and user consent, and consider decentralized storage solutions to minimize centralized data breach risks. –Irina Litchfield,Lumeria Consider blockchain-based “proof of burn” 


Since the latest proof-of-humanity measures involve facial or video recognition methods, it’s concerning that these providers record and store new layers of personal information beyond the “normal” personal data that could be exploited. It would be interesting to see whether blockchain could be employed to show a “proof of burn” of the personal information obtained during a proof-of-humanity verification. –Timothy Enneking,Digital Capital Management Verify identity without revealing it


Privacy isn’t an add-on; it’s the foundation of crypto. The pursuit of proof-of-humanity solutions mustn’t overshadow the sanctity of personal data. Use techniques like zero-knowledge proofs or homomorphic encryption to verify identity without revealing it. When done right, the result is a solution that respects identity and cherishes privacy. –Erki Koldits,OÜ Popspot Implement a “forget me” feature


Give users the ability to fully delete their data. If a user changes their mind about using a particular identity solution, they should be able to completely exit the ecosystem without any lingering privacy concerns. This means developers should implement a “forget me” feature for users to remove both their data assets and their entire account history. –Wolfgang Rückerl,ENT Technologies AG Adopt privacy-by-design principles


Adopt privacy-by-design principles during the development phase. Integrate privacy and data-protection measures into the architecture of the identity solution, including data minimization, user consent and secure data handling throughout the entire system. Implement robust encryption and decentralized storage to protect users’ data from unauthorized breaches. –Anthony Georgiades,Pastel Network Practice data minimization


While it is tempting for Big Tech to harvest our data for profit, developers of proof-of-humanity identity solutions must practice data minimization, collecting only the necessary information to verify humanity. By limiting the scope of data collected, they reduce the potential risks associated with unauthorized access or misuse, thereby safeguarding individuals’ privacy. –Sheraz Ahmed,STORM Partners Focus on self-sovereign identity and multiparty computation


In the context of digital identity in a Web3 world, we really should be talking about self-sovereign identity, which gives users true ownership of their data. While zero knowledge is great at simple proofs, the Holy Grail for privacy is the use of multiparty computation, where privacy becomes fully programmable, allowing for multi-input computation without compromises. –Tiago Serôdio,Partisia Blockchain Leverage homomorphic encryption


The anonymization-individuality conundrum is commonly disregarded. Proof-of-humanity systems authenticate unique human identities, which may violate privacy. Homomorphic encryption can compute encrypted data without decrypting it; thus, humanity can be proven without compromising privacy. –Arvin Khamseh,SOLDOUT NFTs Be wary of stockpiling biometric data


There’s a real question to answer when it comes to proof-of-humanity protocols: “Just because we can, does it mean we should?” History demonstrates, on a wide scale, the unwieldy nature of power. Not only is this a pivot from crypto’s tradition of eschewing institutionalized control, but collecting stockpiles of biometric data invites a scenario where it falls into the wrong hands. –Oleksandr Lutskevych,CEX.IO


This article was published through Cointelegraph Innovation Circle, a vetted organization of senior executives and experts in the blockchain technology industry who are building the future through the power of connections, collaboration and thought leadership. Opinions expressed do not necessarily reflect those of Cointelegraph.

News Feed

EigenLayer sees over 12,000 queued withdrawals — How far will TVL fall?
Zoltan Vardai45 minutes agoEigenLayer sees over 12,000 queued withdrawals — How far will TVL fall?Mass withdrawals started on April 29 after EigenLayer’s decision to ban U.S. and Canada-based participants from its up
Stellar launches smart contracts following bug fix delays
Martin Young8 minutes agoStellar launches smart contracts following bug fix delaysThe Stellar Development Foundation has finally rolled out Stellar smart contracts after 16 months on testnet.28 Total viewsListen to artic
Biggest Movers: CVX Nearly 14% Higher, as RUNE Extends Friday’s Gains 
Biggest Movers: CVX Nearly 14% Higher, as RUNE Extends Friday"s Gains  CVX was trading nearly 14% higher to start the weekend, as RUNE extended yesterday’s gains, climbing
Bitcoin Games Celebrates St. Patrick’s Day With Free Spins Promotion
Bitcoin Games Celebrates St. Patrick’s Day With Free Spins Promotion The world needs a good cause to cheer right now in these tense times. Luckily, St. Patrick’s Day is c
A Few Benefits for Bitcoin Beginners to Appreciate
A Few Benefits for Bitcoin Beginners to Appreciate If you are considering entering the crypto universe or if you’ve only recently made your first investment, you might stil
Bitget Launches Fund Custody Service With Dedicated Wallet to Elevate Safety
Bitget Launches Fund Custody Service With Dedicated Wallet to Elevate Safety press release PRESS RELEASE. Victoria, Seychelles 11 Jan 2023 –Leading crypto exchange Bitget lau
Rakesh Upadhyay5 hours agoPrice analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TONBitcoin’s reluctance to give up ground has attracted strong buying in select altcoins.1480 Total views29 Total sharesList
Yashu Gola9 hours agoEthereum losing streak vs. Bitcoin hits 15 months — Can ETH price reverse course?Bitcoin ETF and halving buzz have boosted BTC"s demand compared to Ethereum in recent weeks.2625 Total views4 Total
Can Sony and Microsoft bring blockchain to gaming consoles?
Olga Vorobyeva34 minutes agoCan Sony and Microsoft bring blockchain to gaming consoles?Sony and Microsoft are angling to get into crypto gaming. Will they be able to succeed where others in the industry have failed?99 To
Bitcoin To Smash $100,000? Rapid Stablecoin Exchange Inflows Continue
Este artículo también está disponible en español. On-chain data shows exchanges have continued to receive stablecoin deposits recently, a sign that could be bullish for B
Tesla CEO Elon Musk Opposes ‘Hasty’ Cryptocurrency Regulation
Tesla CEO Elon Musk Opposes "Hasty" Cryptocurrency Regulation Tesla CEO Elon Musk says there is no crisis that compels hasty cryptocurrency regulation. He agrees
Over 2,000 Coca-Cola Machines Now Accept Bitcoin in Australia and New Zealand
Over 2,000 Coca-Cola Machines Now Accept Bitcoin in Australia and New ZealandOver 2,000 Coca-Cola vending machines in Australia and New Zealand have started accepting bitcoin, thank