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		<title>Billions Network Launches Non-Biometric Digital Identity Platform</title>
		<link>https://coinengineer.net/blog/billions-network-launches-non-biometric-digital-identity/</link>
					<comments>https://coinengineer.net/blog/billions-network-launches-non-biometric-digital-identity/#respond</comments>
		
		<dc:creator><![CDATA[Emre Yumlu]]></dc:creator>
		<pubDate>Sat, 01 Mar 2025 15:30:24 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[Billions Network]]></category>
		<category><![CDATA[biometric]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[Digital identity]]></category>
		<category><![CDATA[HSBC]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=37611</guid>

					<description><![CDATA[<p>Billions Network offers a privacy-focused alternative with its digital identity platform that does not require biometric data. Billions Network Launches a Digital Identity Platform Without Biometric Data Billions Network has developed a digital identity platform that does not require users to share their biometric data. The company states that this approach preserves privacy and differentiates</p>
<p>The post <a href="https://coinengineer.net/blog/billions-network-launches-non-biometric-digital-identity/">Billions Network Launches Non-Biometric Digital Identity Platform</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>Billions Network</strong> offers a privacy-focused alternative with its <strong><a href="https://coinengineer.net/blog/what-did-cz-say-about-memecoins-and-the-tokens-he-owns/">digital identity</a> platform that does not require biometric data</strong>.</p>
<h2 data-start="0" data-end="82">Billions Network Launches a Digital Identity Platform Without Biometric Data</h2>
<p data-start="84" data-end="330"><strong>Billions Network</strong> has developed a <strong>digital identity platform</strong> that does not require users to share their<strong> biometric data</strong>. The company states that this approach preserves privacy and differentiates it from competing projects like Sam Altman’s World.</p>
<p data-start="332" data-end="622">According to a February 28 announcement, <strong>Billions Network</strong> has created a universally accessible verification platform for humans and AI agents. The platform is based on <strong>Circom</strong>, a zero-knowledge proof technology, and has been tested by financial institutions such as <strong>Deutsche Bank and HSBC</strong>.</p>
<p data-start="624" data-end="737"><strong>Billions Network</strong> claims that more than 9,000 projects, including <strong>TikTok and World, have used Circom technology.</strong></p>
<p data-start="739" data-end="992">The platform was developed in response to increasing challenges users face in verifying their digital identities, especially with the rise of AI deepfakes, Sybil attacks, and scams, which have made digital identity verification more crucial than ever.</p>
<p data-start="994" data-end="1150">Additionally, <strong>Billions Network</strong> positions itself as an alternative to projects like <strong>World (formerly Worldcoin),</strong> which have raised growing privacy concerns.</p>
<p data-start="1152" data-end="1397">World’s controversial iris scanning method has sparked significant concerns over large-scale biometric data collection. In response, Brazil’s data protection authority recently imposed restrictions on World’s biometric data collection methods.</p>
<h2 data-start="1399" data-end="1447">The Growing Importance of Digital Identity</h2>
<p data-start="1449" data-end="1652">Projects like <strong>Billions Network</strong> and World are gaining traction as the internet becomes increasingly flooded with low-quality content and AI-generated misinformation, threatening genuine user engagement.</p>
<p data-start="1654" data-end="1804">It is estimated that 5% to 15% of accounts on social media platform X are bots. Meanwhile, <strong>Facebook</strong> removes millions of fake accounts every quarter.</p>
<p data-start="1806" data-end="1897">While AI has many advantages, it has also made crypto scams more scalable and profitable.</p>
<p data-start="1899" data-end="2078">According to a February report from blockchain analytics firm Chainalysis, 2025 could be the worst year for crypto scams due to the growing influence of artificial intelligence.</p>
<p data-start="2080" data-end="2288" data-is-last-node="" data-is-only-node="">&#8220;GenAI is amplifying scams, the leading threat to financial institutions, by enabling high-fidelity, low-cost, and highly scalable fraud that exploits human vulnerabilities,&#8221; said<strong> Elad Fouks from Chainalysis.</strong></p>
<hr />
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<p>The post <a href="https://coinengineer.net/blog/billions-network-launches-non-biometric-digital-identity/">Billions Network Launches Non-Biometric Digital Identity Platform</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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