Sam Altman's Rebranded Worldcoin Ramps Up Iris-Scanning Crypto Project
Thursday, Oct 17, 2024 6:00 pm ET
1min read EQH --
WLDS --
Sam Altman, the co-founder of OpenAI and CEO of Tools for Humanity, has rebranded his ambitious digital identity project, Worldcoin, to World Network. The project aims to create a global network of verified human users, with the ultimate goal of providing universal basic income through its cryptocurrency, WLD. World Network's innovative approach to digital identity verification, using iris-scanning orbs, has raised concerns about privacy and security. However, the company insists on its commitment to anonymity and transparency, ensuring that user data is not stored or shared without explicit consent.
World Network's rebranding comes as the project launches its mainnet blockchain, World Chain, which is secured by the Ethereum network. The project has already signed up over 10 million users across 160 countries, demonstrating its potential for global adoption. The company's ambitious plan to verify the humanness of users and provide them with digital identities has the potential to revolutionize the way we interact with the digital world.
World Network's iris-scanning technology is a crucial component of its digital identity verification process. The proprietary orbs scan users' irises, converting the image into a unique numerical code that becomes part of their encrypted, anonymized digital ID. This biometric data is used to create a digital passport, or World ID, that cannot be replicated by bots, ensuring the integrity of the network.
World Network's approach to digital identity verification has raised concerns about privacy and security. However, the company has implemented measures to address these concerns. The iris-scanning orbs immediately delete the images after verification, and the company does not store any personal information. Additionally, World Network's digital IDs are designed to be anonymous, with users having full control over their data.
World Network's ambitious plan to provide universal basic income through its cryptocurrency, WLD, has the potential to transform the global economy. By distributing WLD to verified human users, the project aims to create a more equitable and inclusive financial system. The company's innovative approach to digital identity verification and its commitment to privacy and security have the potential to make World Network a significant player in the global crypto market.
As World Network continues to grow and expand its user base, it will face regulatory challenges and potential pushback from governments and regulators. However, the company's commitment to transparency and its innovative approach to digital identity verification have the potential to overcome these obstacles and pave the way for a more inclusive and equitable digital future.
World Network's rebranding comes as the project launches its mainnet blockchain, World Chain, which is secured by the Ethereum network. The project has already signed up over 10 million users across 160 countries, demonstrating its potential for global adoption. The company's ambitious plan to verify the humanness of users and provide them with digital identities has the potential to revolutionize the way we interact with the digital world.
World Network's iris-scanning technology is a crucial component of its digital identity verification process. The proprietary orbs scan users' irises, converting the image into a unique numerical code that becomes part of their encrypted, anonymized digital ID. This biometric data is used to create a digital passport, or World ID, that cannot be replicated by bots, ensuring the integrity of the network.
World Network's approach to digital identity verification has raised concerns about privacy and security. However, the company has implemented measures to address these concerns. The iris-scanning orbs immediately delete the images after verification, and the company does not store any personal information. Additionally, World Network's digital IDs are designed to be anonymous, with users having full control over their data.
World Network's ambitious plan to provide universal basic income through its cryptocurrency, WLD, has the potential to transform the global economy. By distributing WLD to verified human users, the project aims to create a more equitable and inclusive financial system. The company's innovative approach to digital identity verification and its commitment to privacy and security have the potential to make World Network a significant player in the global crypto market.
As World Network continues to grow and expand its user base, it will face regulatory challenges and potential pushback from governments and regulators. However, the company's commitment to transparency and its innovative approach to digital identity verification have the potential to overcome these obstacles and pave the way for a more inclusive and equitable digital future.