Worldcoin controversy explained in latest Cointelegraph Report

Worldcoin, an formidable but additionally controversial cryptocurrency challenge, has been making headlines since its launch final month. The challenge collects individuals’s biometric knowledge by scanning their eyeballs by way of a metallic orb. Its purpose is to create a proof-of-personhood system that permits it to tell apart robots from people within the budding period of AI. 

However the challenge has raised quite a few considerations amongst regulators and privateness advocates world wide as a result of an alleged lack of transparency concerning the strategies the group is utilizing to gather individuals’s knowledge.

A single firm gathering tens of millions of individuals knowledge can probably create a knowledge privateness menace.

Furthermore, some investigative reporters make clear unethical and misleading strategies utilized by the group to gather individuals’s knowledge within the World South. Specifically, the group has been giving out its native token, WLD, as an incentive to enroll, allegedly utilizing “misleading advertising and marketing strategies”. 

At present, the token has no actual use case and it’s largely a speculative instrument on the long run success of the Worldcoin challenge. 

In our newest Cointelegraph report, we broke down how Worldocin works and tried to determine how grounded are the considerations round it.

Watch our full report on Cointelegraph YouTube channel and don’f neglect to subscribe!