World ID has been presented by Worldcoin, known for its open-source nature and co-founded by Sam Altman.

Worldcoin, co-founded by OpenAI's Sam Altman, recently introduced World ID as part of a decentralized identity initiative, complete with a toolkit for developers seeking to integrate this innovative technology into their solutions.

With the advent of artificial intelligence and automation tools, there’s an increasing demand for mechanisms that ascertain users are actually human. Utilizing cutting-edge zero-knowledge cryptography, World ID asserts identity confirmation while functioning as a 'global digital passport' residing securely on users' devices. announcement . 

World ID is marketed as a facilitator for quick logins to online platforms, eliminating the necessity to disclose sensitive personal information such as names and email addresses. At the beginning of its rollout, the protocol supports phone verification and iris scans as its primary forms of identification. The technology behind the iris scanning is powered by the Orb, an open-source device designed by Tools For Humanity, the same group responsible for launching the Worldcoin project. Currently, Tools For Humanity advises the Worldcoin Foundation and oversees the World App.

The vision of Worldcoin is to distribute a universal basic income (UBI) cryptocurrency to anyone willing to undergo an iris scan, thereby crafting the largest financial and identity network on the planet.

Currently, Worldcoin boasts an impressive user base of 1.3 billion individuals, but they aim to expand this to one billion more for optimal functionality. So far, they've secured funding totaling $125 million from investors like Andreessen Horowitz, Coinbase Ventures, and Digital Currency Group, among others, and they're seeking to raise an additional $120 million at a valuation of $3 billion. told TechCrunch Since the Orb's specifications were leaked back in 2021 by Bloomberg, the Worldcoin project has faced its share of scrutiny, including from whistleblower Edward Snowden, primarily regarding its questionable privacy measures. The Block .

Critics argue that this initiative appears to create a global database of iris scans, and dismiss concerns by claiming that the scans are deleted. Coindesk However, it's crucial to recognize that the hashes generated from these scans are saved and can pertain to future scans.

The announcement describes the protocol’s verification method akin to passport validation, indicating that such checks, including those done through the Orb, serve as confirmations without revealing sensitive details about the verification process.

To acquire a World ID, users need to download the World App. Phone verification is readily accessible for users and developers in many countries starting today. Developers keen on getting early access to the SDK Beta can join a waitlist, with the public release anticipated to unfold gradually over the coming weeks.

Currently, access to the Orb is primarily confined to locations like Argentina, Chile, India, Kenya, Portugal, and Spain, with demonstrations occurring at conferences focused on blockchain and identity. A wider distribution is projected for later in the year.

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• Cindy, a journalist with Metaverse Post, covers web3, NFTs, the metaverse, and AI-related topics, particularly through interviews with notable figures in the Web3 space. She has engaged with more than 30 executives, sharing their insights with the audience. Originally hailing from Singapore, Cindy now resides in Tbilisi, Georgia, holds a Bachelor’s degree in Communications & Media Studies from the University of South Australia, and brings a decade of journalism experience to her work.