An ambitious cryptocurrency project by Sam Altman centered around iris or eyeball scanning technology has emerged with a new look. This blog will tell you about this eyeball-scanning project’s previous features. Moreover, this article will also provide you with information about the upgraded features.
An ambitious cryptocurrency project by Sam Altman centered around iris or eyeball scanning technology has emerged with a new look. This blog will tell you about this eyeball-scanning project’s previous features. Moreover, this article will also provide you with information about the upgraded features.
Background:
Sam Altman is the CEO and the cofounder of Open AI. Back in 2019, he started a project named “World Coin”. The main concept behind this project was to develop an orb that consist of a metal. After some time Sam Altman came up with the idea of the upgradation of an orb. He discussed it with the great technologist Alex Blania. The update was about converting this metallic globe into an iris-scanning orb that can be used by humans to prove their humanity.
Latest Update:
The latest update about the “World Coin” app is to convert that metallic orb into an iris scanning technology. In this revolutionizing era, AI has taken up humans in almost every field. That is the main reason that Sam Altman came up with this idea of identity to prove. This iris-scanning technology will scan people and then generate private tokens for everyone that can be used by individuals to prove their identity.
Recently, at San Fransisco the World Coin team showed the latest vision of World Coin in front of the whole world. That event covered all the key points of this latest update.
Features of the orb:
According to the team, this orb runs on Nvidia’s Jetson chipset. This orb performs faster identification than any other technology. The team claimed that by the end of the next year, you will see this iris-scanning orb everywhere around you, whether in a coffee shop or a mall. If we talk about the hardware of this orb, then this metallic orb consists of vessels of sensors and semiconductors. It has all the sensors that are specifically required to scan your identity.
Data Privacy Concerns:
With the latest update of the World Coin project, many people have shown different concerns regarding their data privacy. To address this issue the team of this ambitious project has assured that whenever a user uses an iris scanner and gets scanned by it, a special world ID is created for them. This ID is stored in the World Coin app. The team has assured that this app is completely encrypted and the user’s data has complete privacy.
According to Sam Altman and Blania, this World app can support several hundred Million credentials, and approximately are 7-Million people already scanned and created their World ID.
New Feature:
In a recent update, the company is planning to introduce a new feature. They have given this new feature the name “Deep Face”. According to the authorities, this feature is a technique to resolve various fraud issues during the use of video calling apps. In the recent past, many users have faced the issue of a fake person claiming to be the real person on video calling or conferencing apps like Zoom, Whatsapp, and Facetime. This new feature will identify with the World ID code that will identify whether a person is real or not.
App Charges:
The World Coin app currently has no charges for anyone. In short, this app is free to use for everyone. Hence, now you can scan your Iris scanned for free. “Tools For Humanity” is itself a venture-backed company. According to the team, this app is free for now only, after some time it will surely have some sort of processing fee.
About “Tools For Humanity”:
The company “Tools For Humanity” was founded by Sam Altman and Alex Blania. It is a tech-based startup that is specially focused on creating decentralized digital infrastructures. The main aim of this technology company is to empower individuals and improve social welfare. In the recent past, it has gained so much popularity from its newly launched “World Coin” project. And now it is again in the news due to its latest update of “Iris-scanning Orb”. This move is made just to protect user’s data and persons from different kinds of cybercrimes or frauds. Curious to learn more? Visit our blog section to learn about more exciting and interesting topics in every field!
