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Worldcoin, a novel blockchain technology, offers a unique digital ID through an iris scan, potentially opening up universal basic income opportunities. However, concerns about data privacy, verification issues, and the bleak market for AI tools pose significant challenges. While predicting its success is uncertain, its development signals a ripe opportunity with both risks and rewards.

Worldcoin’s project World ID, a “global digital passport,” is gaining popularity, with 2 million sign-ups achieved in record time. This system rewards users with cryptocurrency for uploading their iris data. Despite potential privacy concerns, other protocols like Okta’s Auth0 and Talent Protocol have integrated World ID into their processes, endorsing the project’s credibility.

Worldcoin’s new identity protocol, World ID, leverages top-of-the-line biometric technology and a unique iris scanner to generate cryptographic identities securely. Integrated with Okta, the new “Sign in with Worldcoin” option offers enhanced privacy via zero-knowledge proof. However, concerns rise about potential misuse of personal information.