China News Official TheBitTimes.com

The Scope of the Worldcoin Investigation Worldcoin has an ambitious vision to create a digital identity platform that utilizes biometric data, particularly iris scans, to authenticate and empower individuals. Worldcoin has set up sign-up sites across the globe where people can have their faces scanned by a shining spherical “orb.” advertisement Upon approaching the orb, individuals can have their faces scanned to capture biometric data, specifically for iris recognition. This biometric information is used to generate digital IDs, granting users access to free cryptocurrency and services. While Worldcoin ’s approach may appear promising to some, it raises significant privacy and ethical concerns. France’s privacy watchdog, CNIL noted in a Reuters report that the approach “appears questionable, as do the conditions for storing biometric data.”  CNIL indicated that it launched inquiries and later discovered that the jurisdi...

The Risks And Issues With Worldcoin (WLD) Buterin noted that Worldcoin ’s guiding idea is simple, that is AI will benefit humanity much in terms of abundance and wealth, but it can also lead to the loss of many jobs and make it almost impossible to tell the difference between a human and a robot.  advertisement Therefore, he highlighted that the gap must be addressed by creating a highly effective system for personality evidence that enables people to show their actual humanity and by offering a UBI to everyone. Using specialized hardware known as the “Orb” to scan each user’s iris, Worldcoin ’s dependence on cutting-edge biometric technology sets it apart from other cryptocurrencies. However, Worldcoin has drawn criticism, for its “coin”‘s poor design, privacy, and security concerns around the Orb, and some of the company’s business decisions, Butrin said. Some of the comments are very detailed, focusin...