Thomas Daniels
Sam Altman’s Worldcoin has introduced a novel feature for personal data management and has made the essential software of its iris-scanning technology, known as the Orb, freely available as open source. The Orb by Worldcoin leverages iris scans to generate World IDs, which are unique biometric profiles designed to facilitate a worldwide basic income initiative via its WLD cryptocurrency distribution.
In response to growing skepticism and regulatory examination, especially concerning its management of sensitive biometric information, Worldcoin has embarked on enhancing transparency and user empowerment. It has opened the source code of the Orb’s essential software, inviting public engagement and contributions towards its enhancement.
The value of Worldcoin’s WLD token has seen a 24% increase over the previous month, as reported by CoinGecko. Additionally, Worldcoin has rolled out a feature for personal data custody, signifying a significant advancement in how biometric information is stored and handled. With this update, biometric data collected by the Orb for World ID verification will be stored directly on the user’s personal device, such as a smartphone.
This approach grants users full control over their data, including the ability to erase it, thus fostering increased trust and addressing privacy concerns.
Amid these enhancements, Worldcoin has attracted around 4.5 million participants globally, despite encountering regulatory hurdles, including a temporary prohibition in Spain.
