Tools for Humanity (TFH), the company building technologies to support World Network, has appointed Nick Pickles as Chief Policy Officer to spearhead direct engagement with governments and policymakers, the company said on Thursday.
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Worldcoin
Founded in 2019 by OpenAI chief Sam Altman and Alex Blania, Worldcoin is an ambitious cryptocurrency and digital ID project that aims to create a decentralized identity and financial network powered by blockchain technology. Their mission is to address the global issue of the millions of people lacking a legal and digitally-verifiable identity, which limits their access to essential services and participation in the global economy.
The project is backed by the Worldcoin Foundation, whose philosophical and political aims are focused on creating more inclusive, fair, and just institutions of governance and a global digital economy. They share the vision of achieving certain targets of the U.N. Sustainable Development Goal 16, emphasizing the importance of peace, justice, and strong institutions.
Worldcoin’s protocol includes World ID, the privacy-preserving digital identity system to prove an individual’s unique personhood and enable access to various services and opportunities; the Worldcoin token (WLD), freely distributed to unique individuals; and the World App, a protocol-compatible wallet developed by Tools for Humanity, allowing secure transactions using digital assets and fiat-backed stablecoins.
The ultimate goal of Worldcoin’s decentralized identity and financial network is to unlock and distribute the potential economic implications of AI while preserving privacy, enabling global democratic processes, and potentially providing a path for AI-funded universal basic income (UBI).
Stay tuned for all the latest news and updates on Worldcoin.
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Worldcoin’s new Face Auth feature provides a secure, 1:1 facial recognition system that ensures only the verified user can access their World App, protecting against fraud and identity theft.
Investments in Worldcoin (WLD) and Shiba Inu (SHIB) are becoming increasingly precarious, raising concerns for investors navigating this turbulent environment.
The country aims to integrate Worldcoin’s technology into Malaysia’s digital infrastructure, focusing on enhancing digital credentials through iris-based verification.
The developer preview offers developers worldwide to engage with World Chain, build and test applications, and prepare for the migration of over 10 million users from the OP Mainnet to World Chain later this summer.
“Implementation of the new SMPC system enabled the Worldcoin Foundation to delete old iris codes by permanently encrypting them to SMPC shares that by themselves cannot be related to an identified person,” states Jannick Preiwisch, Data Protection Officer of the Worldcoin Foundation.
World Chain’s integration of WLD tokens for fee payments offers a seamless avenue for users to engage with the platform’s offerings, further enhancing accessibility and usability.
“Worldcoin does not seek to know who you are, just that you are a unique human,” the company said in a statement.
Worldcoin, a venture co-founded by Sam Altman, aims to distribute a digital ID and free cryptocurrency to users in exchange for scanning their irises with a device known as the “orb.”
Today, the Worldcoin Foundation open sourced core components of the orb’s software, now publicly available on GitHub under an MIT/Apache 2.0 dual license.