Surprise!: Iris-Scanning ID System Worldcoin Says Governments, Companies Can Use Its Database

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Worldcoin, the new cryptocurrency project that aims to create a global ID system tied to people’s unique biometric data by scanning everyone’s irises, says its ID system will be open to governments and companies around the world.

LONDON – Worldcoin will expand its operations to sign up more users globally and aims to allow other organisations to use its iris-scanning and identity-verifying technology, a senior manager for the company behind the project told Reuters.

Co-founded by OpenAI CEO Sam Altman, Worldcoin launched last week, requiring users to give their iris scans in exchange for a digital ID and, in some countries, free cryptocurrency as part of plans to create a “identity and financial network”. In sign-up sites around the world, people have been getting their faces scanned by a shiny spherical “orb”, shrugging off privacy campaigners’ concerns that the biometric data could be misused. Worldcoin says 2.2 million have signed up, mostly during a trial period over the last two years. Data watchdogs in Britain, France and Germany have said they are looking into the project.

Ricardo Macieira, general manager for the company behind Worldcoin, said “we are on this mission of building the biggest financial and identity community that we can.”Worldcoin was co-founded by Sam Altman, who is also the CEO of OpenAI, the company behind the controversial large language model ChatGPT. The AI mogul previously stated his hopes for the technology to “Distinguishing between bots and humans is rising in importance as AI continues to change the tech industry.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 610. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Worldcoin cryptocurrency project suspended in KenyaWorldcoin is facing a rough start in Kenya, with the government suspending all activity associated with the altcoin until it ensures the absence of risks to locals. Kenya’s minister of internal security took to Facebook on Aug. 2 to announce that the country has suspended the activities of worldcoin until relevant public agencies had certified the absence of risks to Kenyans.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Why Worldcoin’s Digital ID Gambit Draws Fans, CriticsArtificial intelligence has taken over much of the financial hype cycle that used to belong to cryptocurrency. Now comes a project that’s trying to combine the two. Called Worldcoin, it’s an effort to create a global network of digital identities for a world in which AI robots become harder to distinguish from humans. Users of the service scan their eyeballs to create digital credentials and are rewarded with Worldcoin tokens — though the cryptocurrency isn’t available in the US. More than 2 mil
Source: crypto - 🏆 292. / 63 Read more »