Dr. Nicolas Kokkalis, a co-founder of Pi Network, has detailed the project’s internally built KYC system and its future plans. He stated the team invested heavily in creating a globally scalable verification solution to ensure network integrity. Kokkalis announced the next phase involves offering Pi’s KYC technology as a service to other Web3 projects and traditional businesses.
Dr. Nicolas Kokkalis, a co-founder of Pi Network, has addressed ongoing user concerns regarding the project’s KYC procedures. He explained the community spent years building a system designed for global coverage and user privacy.
Kokkalis outlined several reasons for developing an in-house KYC solution. “From Pi Network’s perspective, it is foundational to the integrity and authenticity of the network,” he stated.
The co-founder emphasized the team wanted to mitigate costs for users. They aimed to ensure accessibility for the entire community by avoiding out-of-pocket verification fees.
Kokkalis described KYC as a critical unsolved problem in Web3. This rationale led the core team to build their system rather than outsource it.
The next phase involves treating KYC as a service, not just an internal tool. Kokkalis said Pi Network will offer its technology and product to other projects.
He explained Pi’s approach is distinctive due to its global coverage and scalability. It also uses a hybrid model combining AI with human verification.
The team is working on adding further safety steps like fingerprint verification. Kokkalis believes this will also allow non-Pi users to onboard into the ecosystem.
User reactions on social media were split following the announcement. Some were supportive, with one user indicating it could be a major step toward real-world utility.
Others remained dismissive of the project’s potential. A different user said the process is preventing long-term miners from claiming their coins.
