Interview with David Jiao, CEO of Privacy

Development of Human Proof Application 'I'm Human' Collected biometric data encrypted with FHE technology "Mainnet and tokens to be launched soon... Great interest in the Korean market"

Privacy, a decentralized physical infrastructure network (DePIN), is developing an application called "I'm Human" to prove humanity securely using fully homomorphic encryption (FHE) technology.

In an interview with Bloomingbit on the 12th, David Jiao, CEO of Privacy, stated, "As artificial intelligence (AI) advances, it is becoming increasingly difficult to distinguish between bots and humans. We have created an application that can prove humanity while protecting users' biometric information."

Privacy is a blockchain project that aims to solve the problem of 'biometric data leakage' in the Proof of Humanity (PoH) project using FHE technology. Human proof has emerged as a new topic in the AI era. As AI becomes more sophisticated, it has become difficult to distinguish between humans and bots online, leading to an increase in fraud.

According to CEO Jiao, 'I'm Human' is a human proof application developed by Privacy.

He said, "I'm Human is an application that helps distinguish between humans, AI, and bots online. Users can receive a non-fungible token (NFT) that proves their humanity by having their face recognized in the application," adding, "Users can register the NFT to prove their humanity, and the platform can filter out bots and spam. Currently, I'm Human's human proof function can be used through Telegram."

He also assured that the biometric information provided by users is securely protected and stored through FHE technology. FHE is a technology that performs calculations on encrypted data without decrypting it. It is characterized by processing all data in an encrypted form, making it impossible for anyone to recognize sensitive personal information.

CEO Jiao explained, "Privacy has FHE technology calculate all data in an encrypted state and transmit and return it to the node. The biometric information provided by users is encrypted with FHE technology as soon as it is collected," adding, "No one can see the personal information contained in the data. Only the user can decrypt the data using their given FHE private key."

The industry is also paying attention to Privacy's technology. Recently, Privacy raised $5 million in a seed round involving 14 venture capitals (VCs) including Binance Labs and Gate Labs, achieving a total accumulated investment of $9.75 million.

CEO Jiao said, "We are currently conducting a Series A round. GSR and Amber Group have participated," adding, "The exact scale will be announced once the round is completed."

Plans for the release of Privacy's tokens and mainnet were also shared.

CEO Jiao said, "We are currently building the mainnet infrastructure and testnet. The beta version of the testnet is scheduled to be released on the 20th of this month," adding, "Users can participate in testnet beta mining to obtain the token 'PRVA'. Tokens will also be distributed to miners providing computing power."

He stated, "The token is targeted for release in the first quarter of next year. We are in discussions with exchanges for the Token Generation Event (TGE)," adding, "We plan to airdrop 10% of the tokens issued in the first year to I'm Human users."

Meanwhile, CEO Jiao also expressed great interest in the Korean market. Privacy officially launched its Korean community last August and began its full-scale entry into the domestic market. He said, "I understand that Korean users are operating and using our nodes," adding, "We are considering ways to activate the Korean community."

He continued, "Recently, we signed a partnership with the Korean medical AI company 'Medical AI (My)'. The goal is to protect and enhance the medical data of My users by supporting login through the I'm Human app," adding, "We will continue to seek cooperation with many domestic companies in the future."