fbpx

WORLDCOIN PROJECT LAUNCHES

Must Read

Destiny Young
Destiny Younghttp://linktr.ee/youngdestinya
Destiny Young is a highly credentialed information technology professional with over 13 years of industry experience. An HND/BSc (Hons) Computer Science graduate. He holds a Master of Technology degree in Information Technology from the prestigious University of South Africa (UNISA). He is a Distinction-grade MBA alumnus of Nexford University, Washington, DC, where he also obtained a First-class MSc degree in Digital Transformation. He is currently pursuing MSc in Cybersecurity. His professional development direction is in Cybersecurity, Digital Transformation, and Business Intelligence. He is a member of the British Computer Society (BCS), the Chartered Institute of Administration of Nigeria (CIA), the Nigeria Computer Society (NCS), etc.

The Worldcoin Foundation today announced that Worldcoin, a project co-founded by Sam Altman, Alex Blania and Max Novendstern, is now live and in a production-grade state. 

The launch includes the release of the World ID SDK and plans to scale Orb operations to 35+ cities across 20+ countries around the world. In tandem, the Foundation’s subsidiary, World Assets Ltd., minted and released the Worldcoin token (WLD) to the millions of eligible people who participated in the beta; WLD is now transactable on the blockchain.†

“In the age of AI, the need for proof of personhood is no longer a topic of serious debate; instead, the critical question is whether or not the proof of personhood solutions we have can be privacy-first, decentralized and maximally inclusive,” said Worldcoin co-founder and Tools for Humanity CEO Alex Blania. “Through its unique technology, Worldcoin aims to provide anyone in the world, regardless of background, geography or income, access to the growing digital and global economy in a privacy preserving and decentralized way.”   

It’s estimated that more than 4 billion people worldwide lack a legal, digitally-verifiable identity. This critically limits participation in the global economy as well as access to critical services like healthcare, government aid and financial services.

If successful, Worldcoin’s global decentralized identity and financial network could drastically increase economic opportunity, scale a reliable and privacy-preserving way to distinguish humans from AI online, enable global democratic processes and eventually show a potential path for AI-funded universal basic income (UBI). 

What is Worldcoin?

Worldcoin is intended to be the world’s largest, most inclusive identity and financial public utility, owned by everyone. The Worldcoin protocol currently consists of: 

  • World ID, a privacy-preserving digital identity designed to help solve important, identity-based challenges, including proving an individual’s unique personhood 
  • Worldcoin token (WLD), where laws allow, the first digital currency to be freely distributed to people for just being a unique human*
  • World App, the first World ID-compatible app, developed and operated by Tools for Humanity, that enables payment, purchases and transfers globally using digital assets and fiat-backed stablecoins 

Important documents and resources 

Along with today’s launch announcement, a series of other important related documents and articles have been released. You can find them at whitepaper.worldcoin.org.‡

SourceWorldcoin
Destiny Young
Destiny Young is a highly credentialed information technology professional with over 13 years of industry experience. An HND/BSc (Hons) Computer Science graduate. He holds a Master of Technology degree in Information Technology from the prestigious University of South Africa (UNISA). He is a Distinction-grade MBA alumnus of Nexford University, Washington, DC, where he also obtained a First-class MSc degree in Digital Transformation. He is currently pursuing MSc in Cybersecurity. His professional development direction is in Cybersecurity, Digital Transformation, and Business Intelligence. He is a member of the British Computer Society (BCS), the Chartered Institute of Administration of Nigeria (CIA), the Nigeria Computer Society (NCS), etc.
- Advertisement -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

How Digital Forensics Aide Fraud Investigation

Digital forensics is a branch of forensic science that involves identifying, preserving, analyzing, and reporting on electronic data. The goal is to preserve evidence in its original form and reconstruct past events to support or refute hypotheses.
- Advertisement -

More Articles Like This

- Advertisement -