Blockchain technology emerges as a solution to misuse of
biometric data, as stated by Privado ID's founder. Doubts linger on Pi Coin's intent, with allegations suggesting it's a scam collecting identity data via ID verification. Pioneering digital Worldcoin sees a surge in value, expanding its World ID to Solana via Wormhole. Some perceive Worldcoin's eye-scanning 'World ID' as unsettling, but the overall consensus remains positive. Its potential support for a universal basic income, through converting an individual's iris into a code, prompts reassurance about data privacy.
Bitcoin is seeing an increased use without ID, adding to its appeal. There's also a surge in Worldcoin's price, as global adoption of World ID grows. Despite events like the data breach on Fractal ID or the questionable rise of Space ID's token unlocks, investments in ID-related projects are rising.
Programs like TON's $5M incentive aim to drive digital ID verification, and regions like Malaysia adopt digitized identification systems such as Worldcoin for personal verification. MicroStrategy unveils plans for a
Bitcoin-based decentralized identity, amping up the competition in the field of digital ID.
Worldcoin reaches a milestone of 10M users and 70M transactions recorded. Its launch in places like Austria and Poland promotes a surge in WLD's price.
ID Coin News Analytics from Sun, 17 Jan 2021 06:59:13 GMT to Fri, 11 Oct 2024 18:27:12 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -2
