Worldcoin to Share Technology for Third Parties to Build Digital ID Systems

Ever since its launch last month, the Worldcoin project is shifting quick gears to expand its global footprint. As part of this mission, Worlcoin has decided to share its iris-scanning technology to third parties for them to build their digital ID systems.

Timeline of Worldcoin-org

As the cryptocurrency market continues to evolve, Worldcoin, a project founded by Open AI's Sam Altman, finds itself under investigation by one of Germany's top privacy regulators, the Bavarian State Office for Data Protection Supervision. The investigation, which began in November 2022, is still ongoing, according to a recent report by Reuters on July 31.

Worldcoin's ambitious move to make its iris-scanning and identity-verifying technology accessible to governments and businesses alike marks a bold step in the rapidly growing field of digital identity and financial networking. The company, co-founded by OpenAI CEO Sam Altman, is both attracting millions and drawing scrutiny over privacy concerns.

The Kenyan Government has suspended the activity of Worldcoin, the recently launched digital identity crypto project, according to an Aug. 2 statement shared by Kenya's Ministry of the Interior on its official Facebook page.

Worldcoin, a new crypto project offering digital IDs via iris-scanning, has been suspended by the Kenyan government over privacy and security concerns. Kenyan Government Suspends Worldcoin's Activities Only 10 days after the official launch of Worldcoin, the project has already been suspended in one of the few countries where the company's iris-scanning device Orb was available.

The Republic of Kenya has suspended Worldcoin, a cryptocurrency project co-founded in 2019 by OpenAI chief Sam Altman, while the country's security and data protection services look into the authenticity and legality of the project, the Ministry of the Interior and National Administration said on its Facebook page on Wednesday.

In an ambitious move, Worldcoin, the company behind the biometric identity project, plans to extend its reach globally and provide access to its iris-scanning and identity-verification technology to other organizations, a senior manager disclosed in an interview with Reuters. With over 2.

In a striking move against a global identity crypto protocol, Kenya's Ministry of the Interior has suspended the operations of Worldcoin within the country. Worldcoin, co-founded by OpenAI's Sam Altman, has come under scrutiny for its practices in collecting iris data.

Worldcoin will expand its operations to sign up more users globally and aims to allow other organisations to use its iris-scanning and identity-verifying technology, a senior manager for the company behind the project told Reuters.

Worldcoin signups in Kenya were suspended on Wednesday pending investigations into privacy concerns and public risk posed by the project, said the Ministry of the Interior. Sam Altman's iris-scanning project previously named Kenya's capital city Nairobi as a major point of demand, garnering hundreds of thousands of sign-ups as of December 2022.

The internal security minister of Kenya made it public through a Facebook post on August 2 that Worldcoin's activities were on hold. The decision will remain in effect until thorough investigations assure that Kenyan citizens aren't at risk.