World, formerly known as Worldcoin, announced on Thursday the start of a pilot for its World ID Credentials program in several select countries. These include Colombia and Chile, as well as Malaysia and South Korea.
World ID Credentials promise be highly secure and anonymous, according to the company. This new feature allows users to connect valid forms of identification to their World ID, without sharing information with Tools for Humanity (TFH), the World Foundation or third parties. Your first application will be with NFC-enabled passports.
The World Foundation says this implementation “significantly increases global access to the World network and paves the way for greater utility of World ID.” Additionally, it makes it easier for people can claim additional WLD tokens when they become availablesays the organization.
The program was presented in October during an event in San Francisco, and its pilot testing began this week. According to World, all information related to identification It is stored securely and exclusively on the user’s device.
This means that users can use the anonymized infrastructure of the World ID protocol to privately prove aspects of their online identity, beyond just verifying their humanity, the company says.
The pilot is initially being rolled out to iOS users in Chile, Colombia, Malaysia and South Korea. Source: World.
In terms of incentives, the World Foundation is distributing WLD tokens to those who hold a valid World ID Passport credential. Currently, those who verify their World ID on an Orb can claim 51.64 WLD. If they also have a verified passport credential, the amount increases to approximately 77 WLD. This token supply is subject to decline over time.
The pilot is initially rolling out to iOS users in Chile, Colombia, Malaysia and South Korea who have NFC passports. Compatibility is expected to be extended to Android devices and other countries soon.
Curiously, World has chosen Chile and South Korea for this test, countries where it has faced criticism and questions. Chile recently ordered Worldcoin cease operations for violating the lawand previously, the company was reported by the National Consumer Service of Chile (Sernac), as reported by CriptoNoticias. On the other hand, in South Korea, Worldcoin was fined $829,000 in September 2024 for violations of personal data protection laws.
Despite this global scrutiny over its biometric identification method, World is moving forward with its proposal for a digital identity system. The company argues that its technology offers a solution to online verification, although concerns remain about privacy and the use of personal data.
This article was created using artificial intelligence and edited by a human Editor.
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.