As per the co-founder of Worldcoin, Sam Altman, the company is currently up against massive roadblocks in terms of its overall functioning. At a seminar, he took the opportunity to share the complications linked with manufacturing orbs. Incidentally, Altman also holds the CEO position at ChatGPT, which is responsible for building OpenAI. Where Worldcoin is concerned, it is an identification-oriented crypto project.
In his view, there are more obstacles related to the product and its biometrics resistance. However, he seems to have a positive attitude towards the roadblocks in question.
It was July 24, 2023, when the Worldcoin project was formally introduced. Through this, users are able to identify themselves online with the help of registering for a World ID through an iris scan. The Worldcoin project has been instrumental in positioning orbs in a number of places globally, specifically in the Global South.
According to the co-founder of Worldcoin, Alex Blania, following the project’s launch, he has been actively interacting with policymakers and regulators regularly globally. He shared the fact that after the introduction of the Worldcoin project, they were approached by more people than they could handle. Currently, they are engaged in boosting activities and adding more policymakers to their list.
Data privacy issues had been a source of concern for them even before Worldcoin existed. Blania, on the other hand, dispels any confusion over the data storage and reveals that once the iris scan is performed, everything is discarded without a trace. Because of this, the identity of the person has not been revealed. At the moment, they are investigating various possibilities for how to make this aspect effective all over the world.