One of the founders of the project discussed what is probably the hottest and most controversial part of the Pi Network.
Although it has been around for over half a decade in one form or another, and its Open Network was officially released over a year ago, the Pi Network continues to be at the center of controversy surrounding its KYC procedures, as users are very vocal about their failed migration processes.
Now, however, Dr. Nicholas Kokkalis, one of the founders of the project, has shared some key details, including what the future holds for the Pi.
Pi KYC system
The executive began by explaining that the Pi Network community has spent “years working together on the Pi KYC solution.” They have built a system that allows people from all over the world to communicate while protecting their privacy, he added. Since pioneers are located all over the world, the KYC system should achieve wide geographic coverage and scalability.
In addition to regular identity verification, the solution also integrates penalty checks and compliance checks into a single system. He explained several reasons why the Core Group decided to invest “so much” in building a robust KYC system:
“From the Pi Network’s point of view, it’s fundamental to the integrity and authenticity of the network. We also wanted to eliminate the need for Pioneers to pay out of pocket to verify their identity, thereby ensuring access to the entire community.”
He said the team sees KYC as an important but unsolved problem in Web3. As a result, they decided to build their system internally rather than externally.
The next phase of KYC
Dr. Kokkalis further explained that the next steps for the KYC Pi solution are to treat it as a service and not just an internal system. Any transfer of money or information raises the question of the identity of the parties involved in this action.
A project that has built its own KYC solution internally, the co-founder said that Pi Network will offer its technology and products (not the data itself) as a service to other projects in Web3 or traditional businesses. He explained that Pi’s KYC approach differs from other similar solutions in several ways:
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- Global coverage
- Scalability
- A hybrid model that combines AI and human testing
- Complete solution
He said the team is also working to add additional security steps, such as fingerprint verification, to ensure user data is not lost or compromised. Ultimately, he believes the move will allow non-Pi users to enter the Pi Network ecosystem.
User comments have been shared below the official post on X about this. Some have been supportive, pointing out that if Pi KYC becomes a “true platform capability, it could be a big step toward real-world service.” Others are dismissive of Pi’s potential, saying, “What you’re doing now is preventing people who have been mining Pi Coin for 6 years from claiming their Pi coins for fear that the price will drop even further.”
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