Worldcoin has been making significant strides in user identification and privacy within the cryptocurrency market. This, highly innovative, cryptographic-based, digital identification process known as
World ID aims to
protect personal data through
biometric identification, specifically, iris scanning technology. It has been gaining global traction, recently expanding to
Solana via Wormhole and 40+ countries. Amid these developments, Worldcoin's price has seen a
surge of 28% with further predictions for a bullish rebound. Worldcoin has also rebranded, with an updated iris-scanning device, to become more aligned with their innovative vision. Another promising cryptoplace project, SPACE ID, unlocks 61M tokens potentially affecting its price. This challenge could be bypassed by further expansion and acceptance of the World ID, as seen in Austria and many other countries.
MicroStrategy recently announced plans to launch a decentralized ID platform of their own on Bitcoin, focusing on providing a solution for mishandled biometric data.
AI researchers have also shown interest in utilizing the digital identification systems for internet usage to control bots. Despite inevitable challenges and criticisms, Worldcoin maintains its unique approach to tackle the comprehensive identification problem in the cryptographic realm, contemplating to support universal basic income through its World ID system.
ID Coin News Analytics from Sat, 18 Mar 2023 04:45:53 GMT to Tue, 12 Nov 2024 10:15:52 GMT -
Rating 7
- Innovation 8
- Information 7
- Rumor 6
