Introduction
Vision for Equality and Freedom: Introducing the Proof of You System
In a world seeking equality and freedom, Proof of You (PoY) system stands as a beacon of hope. It is designed to build a global ecosystem that protects individual rights and values, offering equitable financial opportunities without central authority interference. As AI techniques transform the workforce, PoY anticipates the need for fair wealth distribution in a future where machines and automation take on more roles, ensuring that the economic benefits of AI are shared by all, contributing to the progress of civilization.
Yourself-ID: The Core of the PoY System for Equitable Access
The PoY system is anchored by the Yourself-ID (YID), an advanced AI-powered identifier that accurately and uniquely confirms personal identities, crucial for authenticating users within the system. This technology not only facilitates equitable Universal Basic Income (UBI) distribution but also unlocks access to numerous decentralized applications, establishing a versatile platform for diverse real-life applications. YID, together with UBI, forms a secure foundation for the PoY system, enhancing financial stability and promoting collective ownership within the network.
User-Centric Identity Verification in the PoY System
The PoY system leads a user-centric self-identification process, where individuals confirm their identity through various biometric methods such as facial recognition, voice recording, and fingerprint analysis. This self-engagement in the authentication process ensures that users have control over their identity verification, with AI support to filter out inaccuracies and protect against fake or malicious data. AI in the PoY does more than just verification; it continuously learns and adapts, enhancing its capability to safeguard each user's digital identity in the dynamic landscape of the PoY system.
Secure and Private Transactions: The Coin-Based Model of PoY
The PoY system is driven by a coin-based transaction model, which serves as the engine of the system. The model introduces an innovative cryptocurrency featuring a one-time serial number, adding a layer of security against counterfeiting similar to the unique identifiers in physical currency. The model is supported by the Biocontract, which is a privacy-centric confirmation process that discloses transaction details exclusively to the involved participants. Additionally, the zero-knowledge proof technique is integrated into the system for commitment verification with identification, streamlining certain transaction verifications to off-chain operations. This model ensures the security of transactions and safeguards the privacy of user biometric information.
The Delegated Proof of Credits Mechanism: Powering the PoY Ecosystem
Lastly, the PoY system is powered by an advanced hybrid consensus mechanism called Delegated Proof of Credits (DPC), which merges the trust-based principles of credit systems with the energy-efficient Proof of Capacity (PoC) and the temporal accuracy of Proof of History (PoH). Complemented by the hierarchical Greedy Heaviest Observed Subtree (GHOST) protocol for enhanced scalability and security, this algorithm establishes a private, secure, effective and responsive blockchain network. By leveraging unused storage space and providing a verifiable event timeline, DPC facilitates a democratic, environmentally friendly, and secure digital economy, designed to keep pace with the expanding demands of the PoY ecosystem and its participants.