I was asked to offer my perspective on the risks associated with the biometric data of Worldcoin, which was included in an article Spectrum IEEE published.
A crypto currency, Worldcoin, aspires to become the most globally and uniformly distributed cryptocurrency ever by allocating the same modest number of coins to every individual on Planet. The business has spent the last year creating a system that allows other parties to utilize its vast registration of “unique humans” for various identity-focused applications.
However, Worldcoin’s biometrics-focused approach is being greeted with widespread concerns regarding privacy, security, and transparency.
Here is the section of the article where I was mentioned about the possible risks posed by Worldcoin’s biometric data.
“It’s also questionable how useful the concept of ‘unique humanness’ really is outside of niche cryptocentric applications, says Kaliya Young, an identity researcher and activist. Identity plays a broader role in everyday life, she says: ‘I care what your university degrees are, where you were born, how much money you make, all sorts of attributes that PoP doesn’t solve for.'”
“Worldcoin’s biggest challenge may not be the functionality of its technology but questions of trust. The central goal of blockchains is to avoid relying on centralized authorities, but by using complex, custom hardware to recruit users, the company is setting itself up as a powerful arbiter of digital identity. ‘Worldcoin posits that everyone in the world should have their eyeball scanned by them and they should be the decider of who’s a unique human,” says Young. ‘Please explain to me how that’s not ultracentralized.‘”
You may read the complete article by clicking on the following link: https://spectrum.ieee.org/worldcoin