# Introducing ChainX

ChainX was founded with the mission of creating a globally-inclusive identity and financial network, owned by the majority of humanity. If successful, ChainX could considerably increase economic opportunity, scale a reliable solution for distinguishing humans from AI online while preserving privacy, enable global democratic processes, and show a potential path to AI-funded UBI.

ChainX consists of a privacy-preserving digital identity network (ChainX ID) built on proof of personhood and, where laws allow, a digital currency (IDX). Every human is eligible for a share of IDX simply for being human. ChainX ID and IDX are currently complemented by ChainX App, the first frontend to ChainX ID and the ChainX Protocol.

“Proof of personhood” is one of the core ideas behind ChainX, and refers to establishing an individual is both human and unique. Once established, it gives the individual the ability to assert they are a real person and different from another real person, without having to reveal their real-world identity.

Today, proof of personhood is an unsolved problem on a global scale, making it difficult to vote online or distribute value on a large scale.The problem is even more pressing as increasingly powerful AI models will further amplify the difficulty of distinguishing humans from bots. If successful as part of ChainX, ChainX ID could become a global proof of personhood standard.

Some of the core assumptions behind ChainX are:

Proof of personhood is a missing and necessary digital primitive. This primitive will become more important as increasingly powerful AI models become available. Scalable and inclusive proof of personhood, for the first time, allows aligning the incentives of all network participants around adding real humans to the network. Bitcoin is issued to secure the Bitcoin network. In a time of increasingly powerful AI, the most reliable way to issue a global proof of personhood is through custom biometric hardware.&#x20;
