Worldcoin, a venture co-founded by OpenAI CEO Sam Altman, was launched last week. As part of its efforts to establish an ‘identity and financial network,’ users are required to provide iris scans in return for a digital ID. In some nations, users are also granted free cryptocurrency.
A senior executive at the company spearheading the Worldcoin project stated that plans are in place to scale up its operations globally and bring on board more users. In addition, they have plans to let other companies utilize their iris-scanning and identity verification technology.
Worldcoin, a venture co-founded by OpenAI CEO Sam Altman, was launched last week. As part of its efforts to establish an “identity and financial network,” users are required to provide iris scans in return for a digital ID. In some nations, users are also granted free cryptocurrency, Reuters reports.
At various registration locations across the globe, individuals have been willingly having their faces scanned by a lustrous “orb,” despite privacy advocates’ worries about potential misuse of the biometric data.