The startup has developed a distributed financial network that utilizes homomorphically encrypted feature vectors for biometric processing, enabling the creation of human nodes that verify transactions. This technology facilitates a public, permissionless financial system while ensuring user privacy through biometrically encrypted nodes.
Funding
$13M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Existing Proof-of-Work (PoW) and Proof-of-Stake (PoS) Sybil-resistant protocols often lead to centralization due to the concentration of capital, resulting in validator oligopolies and mining cartels that undermine true decentralization. This plutocratic nature concentrates power and resources, deviating from the original vision of a democratized network.
Solution
Humanode addresses this issue by implementing a system where one unique, living human equals one node, ensuring equitable fee distribution, validation, and voting rights. This is achieved through private biometric verification of validators, confirming the uniqueness of each participant without revealing personal information. By tying network participation to individual identity rather than computational power or stake, Humanode aims to create a truly permissionless and democratic blockchain where all nodes are equal.
Target Audience
The primary audience includes individuals seeking to participate in a truly decentralized blockchain, as well as developers looking to build applications on a network that prioritizes equitable governance and Sybil resistance.
Features
- Private biometric verification using AI to ensure each node is controlled by a unique human, without disclosing personal data.
- Decentralized liveness detection employing over 60 AI modules to prevent the use of photos, masks, or deepfakes.
- Substrate framework for building custom, scalable, and interoperable blockchain networks.
- DAO Vortex: A decentralized decision-making system that allocates voting power equally among all individuals in the network.
- Consensus-agnostic protocol compatible with secure BABE and GRANDPA consensus algorithms, and adaptable to future consensus mechanisms.
- EVM-compatible smart-contract layer enabling developers to create and execute smart contracts using the Ethereum Virtual Machine.
- BotBasher: Private biometric verification to communities in Discord and Telegram.
- Biomapper: Connecting dApps to Biomapper proves that the user has only one EVM address and fights Sybil-attacks.