Worldcoin is expanding ID verification services in Europe
Worldcoin is expanding ID verification services in Europe
- Worldcoin introduces ID verification balls in Vienna as part of the EU expansion.
- In some countries such as Hong Kong, Spain and Portugal, the company was faced with regulatory challenges due to data protection concerns.
- Worldcoin recently secured a financing of $ 115 million and introduced data protection measures to protect users.
Worldcoin, the innovative digital currency project led by Sam Altman von Openaai, introduced his ID verification technology in Austria and thus took a significant step of its European expansion.
The Worldcoin Foundation Started His World Id "Orb" evidence at several locations in Vienna, which enable people aged 18 and over to authenticate their identity by iris scans.
This new development follows the successful implementation of ID verification services in Germany and reflects a more comprehensive global growth strategy.
Worldcoin faced challenges in his global expansion
WorldCoins unique approach to digital identity, known as "proof of personality", is to scan the iris of the participants with an "orb" device and thus create a clear biometric identification that ensures that every user is a unique person.
In return for this review, the participants receive a small amount of the native tokens from Worldcoin, WLD, with the aim of a fair token distribution.
Despite its expansion efforts, Worldcoin has come across regulatory hurdles in various regions, especially in Europe.
In May the office of the data protection officer for personal data (PCPD) in Hong Kong that Worldcoin has violated the city's data protection regulations and due to the way the biometric project processed, a data protection risk.
Spain has also recently extended its ban on Worldcoin until a GDPR test has been completed, and Portugal temporarily stopped the recording of biometric data from WorldCoin at the beginning of the year.
These measures underline the persistent concerns regarding the protection of personal data and privacy.
Measures from Worldcoin to deal with data protection concerns
In response to these challenges, Worldcoin has implemented several measures to clear out data protection concerns.
The initiative “Personal Ownership” initiated in March prohibits new participants the storage and encryption of biometric data and enables existing users to apply for deleting their iris scan codes.
In addition, WorldCoin publishes a developer preview of its Layer-2 network World Chain, which is secured by Ethereum and is intended to support further technological progress. Also
In the middle of all recent developments, the latest funding round of the WorldCoin Foundation, in which $ 115 million under the leadership of Blockchain Capital, Andessen Horowitz, Bain Capital Crypto and Distributed Global, were secured, despite regulatory pressure and data protection debates.
Source: Coinlist.me
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