In a bid to reshape the digital financial landscape, Sam Altman, Chief Executive Officer of OpenAI, in partnership with co-founders Alex Blania and Max Novendstern, has announced the launch of ‘Worldcoin’. This revolutionary crypto project aims to endow users with a verified digital identity and a secure connection to a global financial network.
The Worldcoin Foundation broke the news, stating, “Worldcoin, a visionary project spearheaded by Sam Altman, Alex Blania, and Max Novendstern, is now operational.” Worldcoin introduces users to a unique digital identity known as ‘World ID’, requiring in-person registration via an innovative ‘Orb’ imaging device. The Orb validates users’ identities by scanning the distinctive iris pattern of their eyes, ensuring each user is both unique and genuine.
As we delve deeper into the era of artificial intelligence, Altman and his team believe that verified private digital identities will play a critical role in distinguishing humans from AI entities on the web.
In parallel with the identity verification system, Worldcoin also launched its namesake cryptocurrency token. This digital coin is already in circulation on the blockchain in select regions for the lucky few who participated in the beta stage.
According to the information on its website, Worldcoin aspires to become the world’s most extensive identity and financial public network. The founders envision a future where Worldcoin could greatly enhance economic opportunities, offer a reliable solution to distinguish humans from AI while preserving privacy, enable global democratic processes, and potentially illuminate a path to AI-funded universal basic income.
Over three years of development culminated in the signing up of two million people for a World ID during beta testing. The company now plans to deploy 1,500 Orbs across the globe, facilitating millions more registrations.
Despite the project’s ambitious scope, the founders remain cautiously optimistic. Altman noted on Twitter, “Like any really ambitious project, maybe it works out and maybe it doesn’t, but trying stuff like this is how progress happens.” Echoing the sentiment, Blania tweeted, “This is the beginning of a long journey… But we hope that with fast iteration, Worldcoin can become an empowering technology layer for every human.”
This news is based on an article from malaymail.com.
