The cries that Sam Altman’s invention of an iris scanning crypto coin was “dystopian” were given some credence and the project has been written off by Kenya. Data protection concerns boiled to the surface and European regulators in France and Germany have launched investigations already since its launch in June.
The inclusion of digital identity based on iris recognition was designed to eliminate bots and identify genuine human users to receive the crypto coins.
Worldcoin is under investigation and has been suspended while Kenya and other governments determine if there’s a security risk to people’s data, while the project was said to generate a blockchain digital passport which protects data.
There was a lot of anticipation when the project was in development phases for three years and 2 million people registered to support test trials.
119 orbs are distributed worldwide in 18 countries although the U.S. is excluded from having the orb.
A senior representative for Worldline who spoke to Reuters only on Wednesday teased the expansion of the cryptocurrency project and plans to increase more global registrations for iris-scanning. Organisations could be sold how innovative and revolutionary iris-scanning and identity-verifying technology is to add to strong multi-factor authentication.
Reports suggest some people felt entrapped in the process once they had registered and engaged in the hype. In a funding round allocated in May, Worldline was boosted $115 million from venture capital investors to invest in its rollout.
