Bloomberg and Reuters reported on the 24th that “World Coin,” an eye scan cryptocurrency project developed for three years by Sam Altman, CEO of OpenAI, who created chat GPT, was officially released.The core of the World Coin project is the World ID, an account that only real humans can have.First of all, an iris recognition device called “Orb” data an individual’s iris and connects it to a blockchain, and when it is confirmed that it is a real person, a world ID is generated.With this World ID, create a virtual asset wallet, the World App, and keep the World Coin.Sam Altman and Worldcoin co-founder Alex Blania have been developing Worldcoin for the past three years, believing that personal digital identity is important to distinguish humans from artificial intelligence (AI) online.
During the beta test alone, 2 million people around the world registered World ID.World Coin has been providing free World Coin to them to increase the number of users.
WorldCoin has installed 1,500 Orbs around the world, which it believes will allow millions more to register in the future.WorldCoin rose as soon as it was released, Bloomberg said.According to CoinMarketCap data, World Coin started at $1.70 per coin and KRW 2,178 per coin, once rose to USD 3.58 and KRW 4,587 per coin, and then fell back to USD 2.52 and KRW 3,229 as of 11:12 a.m. London time.During this period, exchanges such as Binance listed World Coin, trading $145 million worth of World Coin worth about 185.8 billion won.”If World Coin succeeds, it will greatly increase economic opportunities, distinguish humans from AI online, while protecting privacy,” Altman and Blania said in a Twitter post in time for the official launch of Coin.Altman and Blania further expect Worldcoin to ultimately be used as a “universal basic income” for those who lose their jobs in the AI era.”Like other ambitious projects, we may or may not succeed, but through these attempts, progress is made,” Altman said on Twitter.However, the controversy surrounding World Coin has been raised even before its launch.There are concerns that iris recognition information may be leaked and personal information may be stolen.
World Coin claims that the iris image recognized by Orb is not likely to be deleted and leaked immediately after encryption, but some argue that it may be vulnerable to privacy as hash values may remain.Some pointed out that the login information of some of the device managers was stolen or that World ID was traded on the black market.Suspicions have also been raised in Indonesia, Ghana, and Chile that they unfairly stole data in the process of signing up people.
In a related development, Blania said in an interview with Bloomberg, “We have further enhanced the security of the project,” adding that it has introduced a two-stage identification process as well as a security feature that allows users to detect logins when they are geographically away from where they have registered their accounts.However, he acknowledged some external concerns, saying, “Of course, there will be fraud,” adding, “It will not be a perfect system, especially in the early stages.”
KS CHOI
US ASIA JOURNAL
