Worldcoin to allow companies and governments to use its identity system

Worldcoin’s biometric verification technology from Sam Altman’s project will be available to major organisations and world governments, said Ricardo Maseira, the project’s Europe head, in a conversation with Reuters.

“We are pursuing a mission to build the largest financial and identification community we possibly can,” he said.

According to him, Worldcoin will continue rolling out in Europe, Latin America, Africa and “in all parts of the world that will welcome us.”

However, most of the people surveyed by the publication on the project sites in the UK, India and Japan said they were registering for 25 WLD tokens.

“I don\’t think we can generate universal basic income. But if we build infrastructure that would allow governments or other organisations to do so, we’d be very happy,” Masiera said.

He also said that as the protocol develops, its functionality will become more accessible. In the future, the technology underlying the Orb iris-scanning device will be open source, the project representative added.

Worldcoin announced the official launch on July 24. Its core product—the World ID protocol—is based on zero-knowledge proofs. It is a mobile tool enabling people to identify themselves by iris scan or a phone number.

Earlier Worldcoin faced investigations by regulators in the United Kingdom, Germany and France. The Kenyan government paused the company’s activities over concerns about citizens’ data security.

Earlier in July, Altman showed a long queue in Japan of people seeking biometric verification for WLD.