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- Macieira has stated that it will make the technology behind the iris-scanning orbs open-source.
- Global regulators have been examining Worldcoin’s data collection methods.
As reported by Reuters, Worldcoin aims to enhance its market presence by providing its iris-scanning and identity verification technology to governmental bodies and corporations.
The report mentions that Ricardo Macieira, general manager for Europe at Tools For Humanity (the organization behind the Worldcoin project), indicated that the entity’s objective is to “create the largest financial and identity community possible.”
Promoting Widespread Adoption
Macieira has indicated that the organization will open-source the technology of the iris-scanning orbs to promote broader adoption. Recently, there have been speculations that Worldcoin has faced challenges in attracting users since its launch.
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Sam Altman, one of the founders of the project, has denied these claims through tweets on the X platform. The tweets feature a video showing individuals queuing to have their irises scanned. According to Macieira, the team plans to concentrate more on local communities in the near future.
Additionally, Macieira informed Reuters that Worldcoin intends to charge companies for access to its digital identification system if they seek to create localized systems without gathering personal information.
Global regulators have been scrutinizing Worldcoin’s data collection practices for a while. Kenya’s financial, security, and data protection agencies are investigating the legality and security of Worldcoin after the Kenyan Ministry of the Interior announced on Facebook that it has suspended the project’s activities.
In response to increasing criticism regarding its data collection practices, Worldcoin released the results of an audit on July 28. The latest study was carried out by security consulting firms Nethermind and Least Authority.
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