A cryptocurrency project that uses iris scanning technology is under investigation in France just days after launching and having more than two million registered users.
According to a new report, #Worldcoin (WLD) will be investigated by French privacy watchdog CNIL over the legality of biometric data collection, including orbs iris scan.
Worldcoin was co-founded by Sam Altman - CEO of Open AI.
CNIL said it was concerned about the legality of data collection by Worldcoin, and the conditions for storing biometric data also appeared questionable.
However, the Worldcoin Foundation told Reuters that the protocol is “designed to protect individual privacy and has built a strong privacy program,” while also meeting current regulatory requirements .
According to Worldcoin, every eight seconds a new person is verified.
“Since Worldcoin launched, the need to prove personhood has increased. On average, a unique person is now verifying their world ID every 7.6 seconds, and new records are being set every day. Thank you for your patience with the project as there is more work to be done to better meet demand around the world.”
Furthermore, the protocol says it is using zero-knowledge proofs (ZKP) to protect user privacy. ZKP are cryptographic methods for proving that specific data is correct without revealing the data itself.
Earlier this week, Worldcoin faced an investigation from the UK watchdog for similar reasons.
Despite news of the investigation, #WLD 's price is currently up over 10% on the day and trading at $2.20.
https://tapchibitcoin.io/wld-tang-gan-10-giua-luc-worldcoin-bi-phap-dieu-tra.html