FacebookTwitterLinkedInTelegramCopy LinkEmail
AltcoinsFintech

TON Ecosystem Introduces Palm Scanning for User Verification

TON Ecosystem Introduces Palm Scanning for User Verification

The developers of the Open Network (TON) ecosystem have earmarked $5 million worth of Toncoin tokens to encourage users to verify their identities using advanced palm scanning technology.

TON Society, a community of developers and contributors, will distribute 1 million Toncoin to participants in the voluntary proof-of-personhood program, aiming to facilitate digital identity verification for Telegram users over the next five years.

The project utilizes HumanCode’s technology, enabling users to verify their human identity on the blockchain by scanning their palms on a smartphone application available on Google Play and Apple Store. This technology ensures privacy protection and is adaptable across various mobile devices.

According to TON Foundation growth director Ekin Tuna, supporting proof-of-personhood protocols like HumanCode is a significant step toward establishing a practical reputation system with real-life applications for TON’s ecosystem, aiming to onboard the first billion users to the Web3 ecosystem in Telegram.


READ MORE: Bitcoin ETFs Experience Week of Fluctuations and Rebound Amid Price Surge


HumanCode founder Tim Zhang explains that the technology securely scans a human palm by extracting the pattern directly onto a user’s smartphone device, ensuring non-reversibility and maintaining data security and privacy certifications. The system employs a triple-layer privacy protection mechanism, with local extraction, encryption, and local verification processes to safeguard sensitive data.

Additionally, the palm recognition technology not only offers an alternative to more intrusive forms of biometric verification but also has potential applications in combating bots and fraudulent accounts on social media platforms by authenticating users through unique palm patterns.

Author
Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

Learn more about crypto and blockchain technology.

Glossary