• Macieira has said that it would open-source the iris-scanning orbs’ underlying technology.
• Global authorities have been looking into Worldcoin’s data harvesting practices.

According to a Reuters article, Worldcoin intends to increase its presence in the market by making its iris-scanning and identity verification technology available to governments and corporations.

According to the article, Ricardo Macieira, general manager for Europe at Tools For Humanity (the firm behind the Worldcoin initiative), said that the organization’s goal is to “build the biggest financial and identity community possible.”

Encouraging Widespread Use

Macieira has said that it would open-source the iris-scanning orbs’ underlying technology to encourage more widespread use. There have been rumors circulating recently that Worldcoin has had trouble attracting users since its introduction.

Sam Altman, one of the project’s creators, has refuted these accusations with tweets on the X platform. The tweets include a video of individuals waiting in line to have their irises scanned. According to Macieira, the team is going to focus even more on local communities in the near future.

Moreover, Macieira told Reuters that Worldcoin plans to charge businesses for access to its digital identification system if they wish to develop localized systems without collecting personal data.

Global authorities have been looking into Worldcoin’s data harvesting practices for some time. Kenya’s financial, security, and data protection agencies are looking into whether Worldcoin is legal and secure after the Kenyan Ministry of the Interior declared on Facebook that it has halted the project’s operations.

Worldcoin responded to growing criticism of its data-gathering practices on July 28 by publishing the findings of an audit. The most recent research was conducted by security consulting firms Nethermind and Least Authority.

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