Deutsche Bank, HSBC, TikTok Tap Digital ID Solutions From Privado’s Privacy-First Billions.Network

The team behind the digital identity platform Privado ID has launched Billions.Network , a universal, incentivized proof-of-personhood platform designed to verify identities without collecting biometrics or relying on proprietary hardware.

It is a human and AI verification platform, built on mobile-first verification “to scale the internet of value globally.” The press release shared with Cryptonews described the platform as a privacy-first alternative to Worldcoin .

However, unlike Worldcoin, it added, Billions.Network provides confidentiality, scalability, and accessibility to remove the biometric data collection and hardware dependence issues. It provides attestations that verify human identities and validates AI agents by cryptographically proving their training models and data sources.

Furthermore, Billions utilizes the native token rewards, airdrops, and loyalty programs to incentivize and benefit user engagement.

Popular Among Global Giants

Massive global platforms like TikTok are already exploring Billions’ libraries. This suggests rising demand for decentralized identity solutions, an email to Cryptonews said.

Billions’ zero-knowledge verification technology, Circom , has already proven popular among large companies. Besides TikTok, major organizations, financial institutions, and blockchain ecosystems utilize this technology to secure their work. This includes HSBC , Deutsche Bank , Scroll , Polygon , Top Doctors, and Worldcoin.

Overall, over 9,000 Web2 and Web 3 projects are already implementing Circom. It serves over 150 million users, said the announcement.

Yet, it argued, there was no mobile-first verification system that is scalable, private, and secure. Therefore, Billions has launched as “a direct response to consumer demand and growing regulatory pressure” for such systems.

Notably, Deutsche Bank and HSBC have already tested Billions’ verification system in several Proof-of-Concepts , “demonstrating its capability and viability at scale,” the team said. They are focusing on advanced KYC solutions that offer significant cost savings with efficient user onboarding.

According to Evin McMullen, CEO and co-founder of Billions, the platform is “creating a world where each human can be uniquely identified and unlock personalized benefits in the age of AI with verification solutions that are universally accessible and scalable.”

“The fundamental mission of Billions.Network,” McMullen added, “is to enable users to prove their humanity, access a plethora of benefits, and provide legal, safe proof-of-uniqueness anytime, anywhere, and for everyone.”

Working With Local Laws

Billions.Network will work on two fronts, the press release suggests. It will provide frictionless credential interoperability and reusability globally, and it will take into account local laws, regulations, and standards.

The team is working with the Government of India to make Aadhar , the country’s Unique Identification Authority, secure, universally accessible, and optimized for AI-based systems.

The announcement noted that Privado ID works alongside Billions to onboard organizations and governmental partners. It runs on any EVM-compatible chain.

Starting as PolygonID and a core Polygon core solution, the team said it transitioned to Privado ID to serve the broader ecosystem. They discovered that the ecosystem requires a community-first, universally accessible verification network.

Therefore, the Billion.Network “grew based on market demand for identity verification solutions.” These include “age confirmations, content authenticity, protection against Sybil and bot attacks, and the ability to counteract the rapidly growing volume of AI-generated content,” the team said.

Additionally, the project utilises the team’s expertise in zero-knowledge proofs and identity solutions. It also leverages Privado ID’s years of experience, research, and development in digital identity.

It’s building on Billions’ development of Circom as a technology and part of the Iden3 protocol. The announcement noted that this technology “has become the de facto standard for zero-knowledge programming.”