Billions Network, an identity verification project, has just announced a digital identity platform based on Token, without using biometrics, to compete with leading Proof-of-Personhood (PoP) platforms such as World ID and Civic.

According to the announcement from Billions - introduced as "developed by the team behind Privado ID" - their technology has been deployed by over 9,000 Web2 and Web3 projects, including TikTok, Top Doctors and Worldcoin. However, Billions claims that no solution has truly provided a secure, private, and scalable identity verification system.

Billions positions its product as a solution to meet market demands and increasingly stringent regulatory requirements for a mobile-friendly, secure, and accessible verification system, especially in the areas of age verification and content authentication.

Evin McMullen, CEO of Billions, emphasized:

"The core mission of Billions Network is to help users prove their identity, access a wide range of benefits, and provide legal proof of the uniqueness of each individual, anytime, anywhere."

Solutions against deepfake, Sybil attack and fraud

The launch of this platform aims to address the growing challenge of verifying digital identities, especially as AI-powered deepfake, Sybil attack, and various forms of online fraud are rapidly increasing.

Billions Network also emphasized that their platform is a direct response to concerns related to Worldcoin - a project that has been controversial for using iris scanning to collect user data on a large scale. The privacy issues have led the data protection agency in Brazil to impose restrictions on Worldcoin.

Digital identity verification becoming an inevitable trend

Projects like Billions Network and Worldcoin are attracting attention as the number of bots and AI on the internet continues to explode, increasing low-quality content and misinformation, affecting the genuine user engagement.

According to Cointelegraph, an estimated 5%-15% of social media X accounts are bots, while Facebook constantly removes millions of fake accounts each quarter.

While AI brings many benefits, it also makes cryptocurrency fraud more sophisticated and harder to control. A February report from blockchain analytics firm Chainalysis predicted that 2025 could be the worst year for cryptocurrency fraud due to the rapid development of Generative AI.

"Elad Fouks of Chainalysis said: 'Generative AI is amplifying forms of fraud - the top threat to financial institutions - by enabling high-fidelity, low-cost, and scalable scams that exploit human vulnerabilities.'"