Blockchain identity startup Humanity Protocol secures $30m, reaching a $1bn valuation for palm scan-based online identity verification.

Blockchain-based identity startup Humanity Protocol has reached a $1bn valuation after securing $30m in funding. The company uses palm scans for online identity verification and plans to launch a test network in Q2, with an app that verifies identity via phone camera scans. Humanity Protocol aims to compete with Worldcoin's biometric digital identity system, promising a less invasive approach and greater user privacy.