Sam Altman, the former president of startup accelerator Y Combinator, has introduced a new cryptocurrency called Worldcoin that is creating a stir in the crowdfunding and fintech industry. The currency is designed to be used by Orb operators, who are individuals that travel the world to gather data for mapping and other purposes. What sets Worldcoin apart from other cryptocurrencies is its use of iris-scanning technology to verify the identity of Orb operators.
Iris-scanning technology is not new, but its use in the cryptocurrency industry is revolutionary. Altman believes that iris-scanning technology is the most secure way to verify the identity of Orb operators, as it is nearly impossible to fake or duplicate an individual’s iris. This technology will ensure that only authorized individuals are able to access and use Worldcoin.
The use of iris-scanning technology also has the potential to revolutionize the way we think about identity verification in other industries. Altman believes that iris-scanning technology could eventually replace traditional forms of identification, such as passports and driver’s licenses. This would make identity verification more secure and efficient, as iris-scanning technology can be used to quickly and accurately verify an individual’s identity.
Worldcoin has already generated a lot of interest in the crowdfunding and fintech industry. The currency has raised over $25 million in funding from investors such as Andreessen Horowitz and Coinbase. Altman believes that Worldcoin has the potential to become a global currency that is used by millions of people around the world.
However, there are also concerns about the use of iris-scanning technology in the cryptocurrency industry. Some critics argue that this technology could be used to invade people’s privacy or create a surveillance state. Altman has addressed these concerns by stating that Worldcoin will only use iris-scanning technology for identity verification purposes and will not collect any other personal information.
In conclusion, Sam Altman’s Worldcoin is introducing revolutionary iris-scanning technology for Orb operators that is creating a stir in the crowdfunding and fintech industry. This technology has the potential to revolutionize the way we think about identity verification and could eventually replace traditional forms of identification. While there are concerns about the use of iris-scanning technology, Altman has addressed these concerns by stating that Worldcoin will only use this technology for identity verification purposes and will not collect any other personal information.
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- Source: https://zephyrnet.com/sam-altmans-worldcoin-is-making-waves-with-iris-scanning-tech-for-orb-operators-national-crowdfunding-fintech-association-of-canada/
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