Worldcoin is expanding its operations reaching countries like the
Philippines,
Guatemala,
Poland and
Malaysia, along with setting new privacy standards for the World ID. Its
World ID system, that identifies users via facial recognition, has been met with privacy concerns.
Privado ID's financial incentives for personal data are being scrutinized with claims they violate consent.
Sam Altman's Worldcoin project is also raising eyebrows. He's taken it a step further with the launch of a new pilot project called
'World ID Credentials'. Anticipating the potential impact,
Wormhole decided to introduce World ID to the
Solana blockchain.
MicroStrategy has announced its own decentralized ID platform built on Bitcoin, called
MicroStrategy Orange. The platform,
FRACTAL ID experienced a data breach, highlighting the precarious nature of Blockchain identity systems. In contrast,
SPACE ID has collaboratively worked with CoinStats to streamline crypto portfolio management and managed to secure a successful token launch on Binance. Their vision to redefine payments at the intersection of traditional finance and crypto is commendable.
European Commission's selection of Iota Web3 ID for their blockchain sandbox also caught the attention of many, owing the legitimacy of decentralized identifiers in the future.
ID Coin News Analytics from Tue, 28 Jun 2022 05:31:21 GMT to Mon, 17 Feb 2025 07:11:00 GMT -
Rating 7
- Innovation 8
- Information 6
- Rumor -3
