Worldcoin's Ambitious Vision Faces Scrutiny Over Data Privacy Concerns
Summary:
Worldcoin, a newly launched cryptocurrency co-founded by Sam Altman, aims to create a network of genuine individuals with its 'World ID' system. However, concerns have been raised regarding data privacy and regulations surrounding the project.
Worldcoin, a newly launched cryptocurrency, has been generating excitement in the crypto community due to its co-founder, Sam Altman, who is also the CEO of OpenAI. Despite the initial buzz, Worldcoin has experienced a decline in trading price, currently resting at $1.09.Worldcoin aims to create a network of real individuals by issuing 'World IDs' to people worldwide. This system aims to allow individuals to interact with websites without revealing personal information like names, phone numbers, or email addresses. However, concerns have been raised by global regulators and privacy advocates regarding the organization's data gathering procedures, raising significant concerns about data privacy.
Published At
9/10/2023 8:47:08 AM
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