DUBAI, United Arab Emirates, March 12, 2024 (GLOBE NEWSWIRE) -- Humanity International Investments announces significant milestones in its innovative Humanity Protocol initiative. Over 40,000 NFTs have been claimed to date, showcasing the project making remarkable strides in digital identity and blockchain technology integration.
Humanity International Investments, under the Chairmanship of His Highness, Sheikh Marwan bin Mohamed bin Rashid Al Maktoum, launched a blockchain-based economic empowerment initiative, the Humanity Protocol, and strategically partnered with BIO-key (Nasdaq: BKYI), a leader in Identity and Access Management solutions including biometric palm scan authentication.
This collaboration will enable individuals, particularly in Africa, to authenticate their identities through a palm scan to securely claim their digital footprint through a Non-Fungible Token (NFT). The innovative approach not only enhances security and privacy in digital transactions but empowers individuals by providing them with a verified and immutable digital identity, marking a significant step forward in the integration of biometric technology with blockchain for identity verification. To date, the partnership has already garnered approximately 15,000 palm scans with plans to verify each of the current registered users.
"This milestone demonstrates our commitment to revolutionizing digital identity in Africa and beyond, made possible by our partnership with BIO-key, a leading biometric technology provider," said Aly Ramji, General Partner of Humanity International Investments.
The initiative has expanded to include a groundbreaking Community Staking program, engineered to function as a comprehensive ecosystem where Non-Fungible Tokens (NFTs) represent the identity of participants. Each NFT assigns a unique digital identity to each user but also facilitates a direct and transparent method for distributing economic returns.
With over 40,000 unique registered users across 94 countries, with a significant footprint in Nigeria, Kenya, and Vietnam, the Humanity Protocol demonstrates a sustainable model where community stakers back each participant. This backing is not just financial; it's a vote of confidence in the individuals' ability to contribute to and thrive within the digital economy.
"This innovative program is designed to provide financial benefits to participants, fostering a robust and financially inclusive community to those at the bottom of the pyramid across Africa and Asia", said Ramji.
The Humanity Protocol is pioneering a digital identity revolution, leveraging the potential of Africa's young and rapidly urbanizing population to ensure broader access to the decentralized digital economy. The community staking program is Humanity International Investment's commitment to inclusivity and security in the digital space.
For further inquiries with Humanity International Investment, please contact:
Communications@humanityinvestments.co
About Humanity International Investments (www.humanityinvestments.co)
Humanity International Investments is a Dubai-based social impact fund dedicated to fostering financial inclusion across Africa. With an expansive network spanning the continent, the organization is committed to bridging the identity gap for the unbanked and the ultra-poor. By collaborating with innovative technology partners, the Humanity Protocol seeks to provide verifiable identities, enabling countless Africans to access financial services, credit, and opportunities for wealth creation. Their vision is not just about creating identities but about empowering individuals to change their futures and have a voice in the global digital community.
For further inquiries with Bio-Key International, please contact:
732.359.1100
info@bio-key.com
About BIO-key International, Inc. (www.BIO-key.com)
BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over thirty-eight million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.
Media Contact Full Name: Jumal Lewis
Media Contact Company: Humanity International Investments
Media Contact Phone Number: 1 (917) 833-1830
Media Contact Website: https://humanityinvestments.co/
Media Contact Email: communications@humanityinvestments.co
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6cee45fb-9e83-405f-ba12-87270dc12bee
