Worldcoin Unveils Personal Custody Functionality for Greater User Control Over Data
In Brief
Worldcoin has introduced a Personal Custody feature, ensuring that user data is stored directly on the user's device.
This encryption initiative was co-founded by Sam Altman, the CEO of OpenAI. Worldcoin (WLD) announced the integration of its Personal Custody feature, a move that first saw light alongside the launch of World ID 2.0.
The Personal Custody approach allows users to store various kinds of information, including images, metadata, and data derived from the Orb device, which is vital for creating the iris code during World ID verification, all while being retained on the user's device. This system gives users more authority over how their data is managed, enabling them to delete it or decide on its future use before deletion. Previously, such data would be deleted automatically without user consent.
In addition to enhancing user control, the Personal Custody feature opens up new possibilities for World ID by enabling facial recognition for high-security applications. This allows users to authenticate their identity as the rightful owner of the World ID received during the Orb authentication process, all while ensuring that their data stays on their device and isn’t sent elsewhere.
Personal Custody consists of four key components: the user's smartphone, the Orb device, a data package that carries images, and a temporary backend storage solution to facilitate data transfer.
The process involves the user's phone creating a unique public-private key pair to encrypt their data. The public key is transmitted to the backend, which also generates additional keys for data requiring double encryption and sends the public key over to the Orb.
During the verification process, the Orb creates the necessary images for World ID authentication, constructs encrypted personal data packages, signs them, and sends the images to the backend for temporary storage before they are subsequently deleted. The user's encrypted data is then downloaded back to their phone prior to deletion from the backend.
Worldcoin Faces Global Regulatory Scrutiny Over Privacy and Security Issues
Founded in 2023 by Tools of Humanity, a company co-founded and led by Sam Altman, Worldcoin aims to create a digital identity verification system that prioritizes privacy. Its main goal is to support a Universal Basic Income initiative by distributing small amounts of its native tokens to individuals worldwide in exchange for identity verification. WLD Since its inception, the project has caught the attention of regulators and privacy advocates across several countries, including Kenya, the UK, and Germany, mainly due to concerns regarding the transparency of its data collection practices, as the consolidation of data from millions of individuals into the hands of a single entity raises red flags.
Recently, Kithure Kindiki, Kenya’s Minister of Interior and National Administration, stated that the government intends to maintain the suspension of Worldcoin's operations, which was put in place in August 2023, until it can ensure the security and integrity of financial transactions. The minister expressed the specific apprehensions the Kenyan government has regarding the project's collection of identities, such as iris scans, in exchange for digital identity certificates. The country is under pressure from the U.S. government to lift the ban on Worldcoin activities. other countries Please be aware that the information on this page should not serve as legal, tax, investment, financial, or any other form of advice. It's essential to invest only what you can afford to lose and to seek independent financial advice if you're in doubt. For further insights, we recommend checking out the terms and conditions and support resources provided by the issuer or advertiser. MetaversePost is committed to delivering precise, unbiased reporting; however, market conditions can change without prior notice. potential threat to data privacy.
Alisa, a passionate journalist at Cryptocurrencylistings, focuses on topics like cryptocurrency, zero-knowledge proofs, and investments, all within the expansive landscape of Web3. With a sharp eye for emerging trends, she provides thorough coverage aimed at keeping readers informed and engaged in the ever-changing world of digital finance.
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In line with the Trust Project guidelines World Launches in the US, Revealing Its Human-Centered Digital Identity Network to the Global AI Hub