Sam Altman, a billionaire who co-founded Worldcoin in 2019, has revealed plans to use iris-scan technology for Worldcoin, his crypto project.
Sam Altman, a billionaire who co-founded Worldcoin in 2019, has revealed plans to use iris-scan technology for Worldcoin, his crypto project.
He is willing to accept the challenge of bringing the technology into the mainstream, even though it would present a significant online challenge. Altman has been working to create the largest identity and financial network on the planet since 2019.
To launch his next business venture, which would involve scanning users’ eyes to grant them access for free, he is almost finished raising $100 million in capital.
There have been some privacy and ethical concerns expressed, so it’s not clear if this will be a major nightmare or not. People don’t want the chatbot situation to happen again.
For those who are still unsure of what Worldcoin is, it is a crypto that aims to provide universal access to the global economy so that everyone can participate and benefit from it. It is obvious that this is by no means an easy task. But how exactly do the creators of this app intend to accomplish everything in such a short amount of time?
According to sources, the project’s use of software that uses biometrics from the eyes to establish a person’s unique identity is the key point to consider. After receiving the verification, they could produce digitally connected IDs and begin to acquire crypto tokens.
The company claims that this World ID was just launched last week and that, when used in conjunction with the World App, it can be used in a pseudonymous way to access a variety of apps without revealing the user’s true identity.
This technology is designed to tackle issues related to the development of AI tools. It will differentiate between real individuals and bots and help people believe it could provide basic sources of income to those affected by job cuts due to AI.
However, there are still many whistleblowers who are concerned about the practice during the start of 2021. During such a period of time, they raised the concern linked to how people’s data was getting stored and that was not alright for obvious reasons. But the company assures that everything is completely safe to use and that there is no need for concern.