Worldcoin wants to scan your eyeballs. But its founder says that’s the ‘future of privacy’

Deposit and Earn Up to $3000 Bonus

Worldcoin, a new startup founded by OpenAI CEO Sam Altman, theoretical physics student Alex Blania and former investment associate at Bridgewater Associates Max Novendstern, uses iris recognition devices called “Orbs” to scan people’s eyes in exchange for free cryptocurrency.

The project claims to be committed to giving Worldcoin to everyone on Earth, but, according to the official launch report, the legal uncertainty in places like the US and China currently prevents the deployment of Orbs in these countries.

Using biometrics

“The more people there are that collectively hold and use the same currency, the more useful that currency becomes for each participant,” explained the project, noting that true benefits of decentralized, collective ownership can’t be achieved without widespread, global adoption.

In order to align the incentives of all participants and allocate the majority of Worldcoin to new users as a reward for joining the network, the project opted for a coordinated distribution design, which relies on custom biometric devices called Orbs.

Orbs are used to verify the uniqueness of a person through iris recognition, while preserving privacy through zero-knowledge cryptography, the project claims.

“It is core to the mission of Worldcoin that the network is not run by a single entity, but instead by entrepreneurial individuals all around the world who apply to receive an Orb to run independent operations in their communities,” read the launch report, clarifying how the so-called Orb Operators have been given the autonomy to build their operations from the ground up, including running their own marketing campaigns and collaborating with local partners.

The project already onboarded twenty-five operators, currently running more than thirty devices in twelve countries across Africa, South America, Europe and Asia. This enabled the project,  which hopes to hit the 1 billion user milestone by 2023, to already amass over 100,000 users globally.

Privacy issues

New users joining the network are not required to share any personal information like name, email address, physical address or phone number.

“​​A user claims their free share of Worldcoin by visiting an Orb. The Orb captures an image of both of the user’s eyes. This image is immediately converted via an irreversible function to a unique identifier and then permanently deleted,” explained the project, adding that It is not possible to recreate the original image of a user’s eyes from their unique identifier.

And while the project claims that Worldcoin’s distribution design “requires as little personal data as possible and preserves the privacy and anonymity of its users,” notorious whistleblower Edward Snowden warned about possible future implications of creating such a database.

“Don’t catalogue eyeballs,” responded Snowden in a tweet, as he called out the project for producing a global (hash) database of people’s iris scans in the name of “fairness.”

The famous privacy advocate noted that, despite the scans being deleted, the *hashes* produced by the scans remain catalogued.

“Hashes that match *future* scans,” reminded Snowden, as he continued to caution about the use of biometrics.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Posted In: Privacy, Technology
Deposit and Earn Up to $3000 Bonus

Like what you see? Subscribe for updates.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *