World Launches Build Latam Program in Argentina, Discusses New Security Measures

Biometric cryptocurrency and ID project World has launched Build Latam in Argentina, a program that will see 15 different tech projects in Latin America being funded with 1 million WLD tokens. The initiative is part of the broader efforts by World to increase its footprint and use in the region.

Latin America has seen a strong interest in World, which has seen an incredible growth in terms of user registrations. However, despite this success, several governments in the region have expressed their opposition to the project, mainly due to concerns over data privacy and the overall aim of the protocol.

Earlier this year, Mexican officials announced they would be shutting down World’s operations in the country, while a judge in Brazil also ordered the suspension of World’s activities in the South American country.

However, despite these setbacks, World is pushing forward with its goal of expanding its reach in the region. Build Latam is a testament to this commitment, as it will be investing 1 million WLD tokens to support 15 promising tech projects that leverage World’s services in their products.

The program was launched in Argentina, a nation that has seen an overwhelming adoption of World. So far, more than 2.2 million Argentines have registered with the protocol, making it one of the countries with the highest participation in the project.

At the launch event, Tools For Humanity Regional Latam Manager Martin Mazza discussed the new security measures that World had implemented in recent times to further protect user data.

Since October, World has been deploying an Anonymized Multiparty Computation (AMPC) protocol to enhance the security of user data. Explaining the technical aspect of this approach, Mazza stated, “What the system does is, to that anonymized proof of humanity, split it into different secrets that are being stored in different databases that are guarded by different universities.”

Further explaining the essence of this technique, he added, “It’s like breaking what we call a seed phrase into different pieces and we are putting them in different databases that are being held by different universities.”

This, he said, would drastically improve the security of user data, as hackers would have to access multiple university databases to steal the complete anonymized proof of humanity, rendering the chances of a successful hacking attempt slim to none.

Moreover, Mazra clarified that World did not offer money in exchange for user verification, and that the rewards given to users were offered in the form of Worldcoin, the protocol’s native token. “This asset gives you ownership over the network, it is the way to participate in the value it may have in the future and in the governance of the network itself.”