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Cryptocurrency News Articles

Worldcoin Foundation Expands Its ID Verification Technology to Austria

Jul 31, 2024 at 07:01 pm

The Worldcoin Foundation is expanding its World ID “orb” verifications to Austria in its continuing efforts to provide services across Europe.

Worldcoin Foundation Expands Its ID Verification Technology to Austria

Cryptocurrency project Worldcoin is continuing its European expansion with the latest integration of its identity (ID) verification technology in Austria.

According to a July 31 announcement, several locations in Vienna will now host Worldcoin’s orbs, enabling people aged 18 and above to obtain a unique digital ID. The foundation highlighted that it already provides ID verification services, known as “proof of personhood,” in Germany, adding that the expansion into Austria is due to “continued interest and growth in other countries around the world.”

Worldcoin’s proof of personhood is generated by having a device — the orb — scan people’s irises, creating a unique biometric identifier to ensure that each participant is a distinct human being. In exchange for having their irises scanned, people will receive a small amount of Worldcoin’s native token, Wordlcoin (WLD), in an approach designed to distribute the tokens fairly.

Despite its international expansion efforts, Worldcoin has faced pushback in several regions over data privacy concerns. In late May, Hong Kong’s Office of the Privacy Commissioner for Personal Data ruled that Worldcoin contravened the city’s personal data ordinance, posing risks to privacy associated with the way the project handles biometric data.

In a statement to crypto.news, the project expressed disappointment, asserting that the organization operates lawfully and complies fully with all relevant data privacy laws. Similarly, Portugal and Spain also imposed restrictions on Worldcoin in March due to growing privacy concerns.

Worldcoin — founded in 2019 by OpenAI’s Sam Altman, alongside Max Novendstern and Alex Blania — secured $115 million in a Series C funding round in May 2023. The round was led by Blockchain Capital, with participation from Andreessen Horowitz (a16z), Bain Capital Crypto and Distributed Global.

Original source:crypto

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