Eleven European Union member states advocate for mandatory age verification for users below 15 on social media platforms.
Blockchain Identity Firm Humanity Protocol Grabs Moongate, Dives into Ticketing
Step aside folks, Humanity Protocol's making waves! This digital identity whizz-kid, known for its privacy-focused decentralized identity (DDI) solutions, has snatched up Moongate – a company renowned for its event and loyalty tech. [1][2]
Why's this a big deal, you ask? Well, Moongate's tech is about to become a key part of Humanity Protocol's platform. This means smoother user onboarding through event activations and the ability to verify your human identity while scoring yourself some exclusive online and offline experiences. [1][2]
This is more than just a move for Humanity Protocol; it's a strategic leap into the ticketing and real-world activations game, thanks to Moongate's proficiency in credentialing and real-world asset (RWA) activation. [2][3]
The CEO's vision, as reported in recent news, is to beef up Humanity Protocol's presence in both digital and meatspace event markets. The goal is to offer digital identity verification that's less intrusive (palm recognition, anyone?), easy peasy through your smartphone. [3]
The ultimate aim? Empower users with ownership over their data and identity, all while ensuring secure, verifiable access to ticketed and exclusive experiences. [1][2][3]
To boil it down, the Moongate acquisition by Humanity Protocol is all about expanding into event ticketing and digital identity credentialing, using biometric technology to offer a seamless, secure, and privacy-preserving user experience, both online and offline. [2][3]
Humanity Protocol's acquisition of Moongate signifies a foray into the realm of event ticketing, leveraging Moongate's technology to strengthen their digital identity verification platform. Thismove also includes the integration of biometric technology for a seamless, secure, and privacy-preserving user experience in social media, entertainment, policy-and-legislation, politics, general-news, and other event sectors.
