• Worldcoin has announced that it will open-source its iris-scanning technology to encourage more widespread use.
• Global authorities are investigating the data harvesting practices of Worldcoin.
• The project recently conducted an audit of its data security practices and published the findings on July 28.
Worldcoin Aims To Expand Iris-Scanning Technologies
Worldcoin has announced its intention to open-source the underlying technology of its iris-scanning orbs in order to encourage wider use. Ricardo Macieira, general manager for Europe at Tools For Humanity (the firm behind the Worldcoin initiative), stated that their goal is to “build the biggest financial and identity community possible”.
Global Authorities Investigating Data Harvesting Practices
Global authorities have been looking into Worldcoin’s data harvesting practices for some time now. Kenya’s financial, security, and data protection agencies are currently investigating whether or not Worldcoin is legal and secure after the Kenyan Ministry of Interior declared on Facebook that it had halted the project’s operations.
Security Audit Published On July 28th
In response to growing criticism about its data gathering practices, WorldCoin published the findings of a security audit conducted by consulting firms Nethermind and Least Authority on July 28th. The audit assessed whether or not WorldCoin was compliant with global regulations regarding data collection and management.
Fee Structure For Businesses Accessing Digital Identification System
Macieira also revealed that if businesses wish to develop localized systems without collecting personal data, they will be charged a fee for access to WorldCoin’s digital identification system.
Highlighted Crypto News Today: Google Cloud Expands Partnership With Celo Network as Validator
As part of this announcement, Google Cloud has stated that they have expanded their partnership with Celo Network in order to become a validator on their blockchain network. This move helps ensure greater scalability and cost efficiency for users utilizing Celo’s platform as well as providing increased security through additional validators within their network infrastructure.