About World Chain

Worldcoin, initiated by Tools for Humanity in 2019, aims to establish a global digital identity and financial network. At its core is the World ID, a privacy-preserving system that verifies "proof of personhood." This is achieved through iris scanning using a specialized device called the Orb. Participants who undergo the scan receive Worldcoin tokens (WLD) as part of the project's goal to distribute ownership widely. The Worldcoin ecosystem also includes the World App, a digital wallet facilitating WLD transactions and access to other features.

The project has garnered both interest and controversy. Proponents highlight its potential to address the growing need for digital identity solutions in an increasingly online world, particularly with the rise of AI. The distribution of WLD tokens is also seen as a step towards greater financial inclusion. However, concerns have been raised regarding data privacy and the potential for misuse of biometric information. The long-term implications of such a system and its impact on individual liberties remain a subject of ongoing debate.

Company Information

Category
Web3
Website
world.org
Listing Type
Standard

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